Latest Posts

Double tax agreement between Cyprus and Lithuania now in force

Double tax agreement between Cyprus and Lithuania now in force

October 8, 2014 2:13 pm

In June 2013, Cyprus and Lithuania signed the double tax agreement, which will be put in effect from January 1, 2015. According to the agreement made no withholding tax will be imposed on the dividends paid by a Lithuania resident company (excluding partnerships) to a Cyprus resident company as long as the receiver is the […]

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BVI signs Model 1B IGA for FATCA

BVI signs Model 1B IGA for FATCA

August 18, 2014 8:18 am

British Virgin Islands Premier, Hon. Dr. Orlando Smith, on 3oth June 2014 in Washington DC, signed the inter-governmental agreement (IGA), relating to the US FATCA (Foreign Account Tax Compliance Act, with the United States Government. Mr. Neil Smith, the Financial Secretary accompanied the Premier. Inline with anticipations, the IGA is based on the Model 1B […]

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IRS Releases the Much-Awaited Guidelines to FATCA Form

August 18, 2014 7:58 am

Foreign entities use this to document their status On 25th June 2014, the IRS (Internal Revenue Service) released the much awaited instructions to Form W-8BEN-E, used by foreign entities for purposes of documenting their status under both chapters 3 and 4 (FATCA (Foreign Account Tax compliance ACT) of the Internal Revenue Code. The instructions can […]

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UAE Minister of Economy talks investment with Russia

UAE Minister of Economy talks investment with Russia

July 27, 2014 5:36 pm

The Minister of Economy will chair a delegation of senior government and business officials to Russia later this week as the commercial ties shared by the two countries continue to grow. Sultan Al Mansouri’s visit to Moscow for the UAE-Russia Business Forum to be held on Thursday is focused at strengthening trade and investment links, […]

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