Exempt Companies in the United States Virgin Islands In February 1987, the Tax Implementation Agreement was signed between the United States and the Virgin Islands. Therefore, The US Virgin Islands Exempt Companies Act of 1986 became functional a year later. This act is located in Chapter 14, Title 13 of the VI Code and authorized […]
In Delaware, Corporations are required to file an Annual Report and pay the Franchise Tax that is due on or before March 1 each year. If the Annual Report and taxes are not filed and paid by March 1 the following year, the corporation will be declared inoperative and void. In the next calendar year, […]
What is an ITIN (or Individual Tax ID Number)? Every company has a tax identification number in the US, just as any other state in the world. It is primarily used for official recognition of the company. Just as a company does, everyone who has tax liabilities to the US Government must have a tax […]