The EU Council revised its list of non-cooperative jurisdictions for tax purposes on 17 October 2023 and as result, the British Virgin Islands (BVI) has been removed from its list of non-cooperative jurisdictions for tax purposes as it has amended its framework on exchange of information on request and other 4 countries have been included namely Belize, Seychelles, Antigua and Barbuda.
The Belize Companies Act, 2022 (the Act) was successfully revised on July 13th, 2023, with the aim of strengthening the clauses relating to directorships, shareholders, and beneficial owners.
Based on the official announcement of The Cyprus Tax Department, published on September 25 2023, the deadline for submission of the tax return 2022 for employees and pensioners (TD1) and self-employed whose turnover do not exceed € 70,000 (TD1 self-employed), as well as the payment of the final tax due, is extended until October 31, 2023.
