Beneficial Owner

 

Commencing with immediate effect, those who register companies are required to provide the Companies and Intellectual Property Authority (CIPA), with beneficial ownership information pursuant to Section 21 and 345 of the Companies (Amendment) Act 2018, and in line with the Financial Intelligence Agency (FIA) Act. The new legislation has assigned responsibility to CIPA to establish and maintain a register of beneficial ownership for companies.

Levy on technical devices fund (LTDF)

Section 35G imposes a levy on all locally manufactured and imported blank sound and audio-visual carriers, compact discs, and  equipment  capable of being used to reproduce  copyright protected materials.  The levy collected is used for the professional development of the authors and publishers of works. 

The different devices which attract levy as provided for in the Copyright and Neighbouring Rights Act Regulations, 2007 are listed below with the percentage cost of each: