Following the implementation of recent legislation in the BVI, the Economic Substance (Companies and Limited Partnerships) Act, 2017 (the “Act”) is now in force in the BVI and requires BVI entities that are tax resident in the BVI and engaged in one of nine relevant activities to have adequate economic substance in the Territory.
The President of Ukraine signed the Law of Ukraine “On Amendments to the Tax Code of Ukraine regarding the Improvement of Administration of Taxes, Elimination of Technical and Logical Inconsistencies in Tax Legislation” № 466-IX, adopted by the Verkhovna Rada of Ukraine on January 16, 2020 (Bill 1210).
Beginning from March 25, 2020 companies have been given the opportunity to apply for a 3-month extension for filing their accounts.
On 10 January 2020 the Money Laundering and Terrorist Financing (Amendment) Regulations 2019 came into force. This statutory instrument updates the UK’s existing anti-money laundering legislation to take into account the Fifth Directive.
Olga Dmitrieva, Managing Partner of Dmitrieva & Partners, and advocates of the company took part in the 9th UAA Kyiv Criminal Law Forum, which was held on December 6, 2019.
Guided by the rule of maximum benefit with minimal time, the forum has developed a format that brings together the worlds of financiers, auditors, lawyers, lawyers and businessmen.