The BVI Business Companies Act, 2004 (“The Act”) requires companies to maintain records and documents related to their financial transactions. According to the latest changes to the Act effective 1 January 2023, companies must file an annual return with their registered agent every year within nine months from the end of the fiscal year, i.e. September 2024<\/p>\n
<\/p>\n
Penalties<\/p>\n
If a company fails to file its annual financial return, its registered agent will be required to notify the Registrar of the non-compliance. The company will be liable to pay a penalty of US$300 for the first month of non-compliance and US$200 for each subsequent month until the company makes the filing. The maximum penalty is US$5,000. The company will not be able to make filings at the Registry of Corporate Affairs or obtain a Certificate of Good Standing until the annual return is filed.<\/p>\n
We can assist you for the preparation of the Balance Sheet and Profit and Loss as well as with the filing of the annual return.<\/p>\n
We highly recommend that companies file their annual returns as soon as possible after the end of the relevant fiscal or calendar year.<\/p>\n
For more information please contact us to the following email addresses:<\/p>\n
Rodoula Stavrinidi \u2013 <\/a>rodoula@gstaxconsultants.com<\/a><\/p>\n Angela Athanasopoulou \u2013 <\/a>angela@gstaxconsultants.com<\/a><\/p>","protected":false},"excerpt":{"rendered":" The BVI Business Companies Act, 2004 (“The Act”) requires companies to maintain records and documents related to their financial transactions. According to the latest changes to the Act effective 1 January 2023, companies must file an annual return with their registered agent every year within nine months from the end of the fiscal year, i.e. […]<\/p>\n","protected":false},"author":7,"featured_media":2948,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[61],"tags":[],"class_list":["post-3196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-articles"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/posts\/3196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/comments?post=3196"}],"version-history":[{"count":0,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/posts\/3196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/media\/2948"}],"wp:attachment":[{"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/media?parent=3196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/categories?post=3196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/tags?post=3196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}