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New On The Lowtax Network Today
This feed is published daily with selected new or updated
content from across the Lowtax Network. For a list of Lowtax Network
sites, many of which feature daily news, see
below. |
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| TODAY 12/03: Lowtax
Costa Rica, annual update |
| 11/03 Estonia
Summary PBTG Guide, added to Personal Business Tax Guide |
| 10/03 Lowtax
Labuan, annual update |
| 09/03 Word
Search Puzzle, on Lowtax |
| 08/03 Jobs
For All,
Jeremy Hetherington-Gore blog |
| 05/03 Belgium
Summary PBTG Guide,
added to Personal Business Tax Guide |
| 04/03 New
Lowtax Editor Column,
by Kitty Miv |
03/03  Personal
Business Tax Guide, PBTG, has launched!
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| Providing essential tax news and information
for globally mobile artists, contractors, entrepreneurs, professionals,
small businesses, sportspersons and entertainers. |
| 02/03 Personal
Equity Investment In 2010: Not Just For Expats…, Investors Offshore special feature
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| 24/02 Lowtax
Cyprus, annual update
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| 22/02 Lowtax
Brunei, annual update
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| 17/02 Dubai
- A Stately Business Dome Decreed, Investors Offshore special feature
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| 15/02 Lowtax
Australia,
major content expansion
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| 27/01 Lowtax
Germany, major content expansion
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| Lowtax Network Sites |
| Lowtax Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
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| BVI Announces Introduction Of New Regulatory Legislation |
by Phillip Morton, Investors Offshore.com
Tuesday, January 26, 2010
The British Virgin Islands Financial Services Commission on January 15 announced
that several new legislative provisions will shortly be entering into force
in the jurisdiction, including the Insurance Act, 2008, the Financing and Money
Services Act, 2009, and the Regulatory Code, 2009.
The Insurance Act and the Regulatory Code will both become effective
from February 1, 2010; the Financing and Money Services Act will
become effective on March 31, 2010.
According to the Commission, the new Insurance Act replaces the Insurance
Act, 1994. The Insurance Regulations, 2009, which were gazetted on December
22 replace the Insurance Regulations,
1995. The Insurance Regulations were made by Cabinet, acting on the advice of
and in consultation with the Commission, according to powers granted by section
82 of the Insurance Act, 2008.
The Insurance Regulations, 2009 provide more details for classifications for
insurance business, maintenance of registers, and specifications for what constitutes
public record.
The Financing and Money Services Act lays a legislative framework for the licensing,
regulating and supervision of persons who engage in the provision of money or
value transfer services. The Act will bring the BVI into full compliance
with the Financial Action Task Force’s Recommendation 23, which inter alia
requires that natural and legal persons who provide money or value transfer
services or money or currency-changing services should be licensed or registered.
The Financing and Money Services Act establishes a transition period of six
months from the date the Act comes into force for existing business to make
the required application for licensing to the Commission. The Commission is
urging all persons with business activities that now fall within the ambit of
the Act to contact the Commission as the commencement of the regime for licensing
makes it an offence to carry on those activities without a license.
A comprehensive report in our Intelligence Report series
which studies the 20 main offshore jurisdictions which offer captive insurance
regimes is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp
and a description of the report can be seen at
http://www.lowtaxlibrary.com/asp/description_report11.asp
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| THE LOWTAX LIBRARY
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