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Based on the Decision of the Council of Ministers and the Registrar of Companies for the Registration of Real Beneficiaries of companies and other legal entities In the context of…
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UK Penalties For Late Filing, Incorrect Corporate Tax Returns & Potential Appeals
HM Revenue and Customs (HMRC) General anti-abuse rule (GAAR) guidance, with reference to The UK Finance Act 2013, the UK Companies Act 2006, the National Insurance Contributions Act 2014. All…
Singapore: What is Happening in the Labour Market?
Currently, the situation in the Singapore labour market shows a strong demand for certain specialists while the other job roles remain at a lower demand level. The leading positions in…
BVI Will Make its Beneficial Register Public
As bank secrecy has gone with the wind, offshore company’s secrecy will follow the same route.
MONEYVAL: Czech Republic has Made Progress on AML/CTF Compliance
MONEYVAL has assessed the progress made by the Czech Republic on the FAFT Recommendations. MONEYVAL has recorded the progress was made on the improvement of mechanisms for national cooperation and…
MONEYVAL: Lithuania is Making Progress on AML/CFT Compliance
MONEYVAL has confirmed that the Lithuanian government has finally gained sufficient understanding of the AML/CFT requirements. Nevertheless, MONEYVAL reports that it found the deficiencies in the regulation of virtual assets…
MONEYVAL: Ukraine’s AML Compliance Rating Improved
The EU agency MONEVAL has confirmed that the Ukrainian government has made the progress on improving the criminal provisions for offences relating to terrorist financing and enhanced sanctions for financial…
Cyprus Has Been Thrashed by the COVID-19 Pandemic
The Cyprus tourism industry is a major reason for the sharp increase in the figure of the recently unemployed on the island. The recent government data has shown approximately a…
Cyprus’ Answer to Economic Challenges is Making Business Easier to do on the Island
Foreign investments might help Cyprus to overcome economic difficulties caused by the COVID-19 pandemic and adverse legislation moves on the Cyprus tax system. Historically, Cyprus is dragging its feet in…
Cyprus is Facing Real Economic and Political Challenges
The recent recovery from the 2013 financial crisis fueled a lot of hope that the Cyprus economy would be back on its feet and prosper again has returned. The Cyprus…