St Vincent Update-Ongoing Legislative Reform...

Date：2020/10/01

There’s new change of Act that will be effective by July 1st, 2021, which they abolishing “International Business Companies”, which will convert into “Business Companies”, the main differences:

 

1. Mandatory requirement for Director and Shareholder to be filed with FSA (Registrar)
2. Abolish Tax Exemption Certificate, all the BC will need to apply Tax Identification Number, please note, new Companies Income Tax also have been changed to “territory tax regime”, which mean only income source in St Vincent will be taxed.
3. Option for apply for new Business Certificate

 

For more detail, please see…

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