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BVI Updates – Economic Substance Reporting Obligations
The Economic Substance (Companies and Limited Partnerships) Act, 2018 (the “Act”) which came into force on 1 January 2019 in the British Virgin Islands (“BVI”), we have set the following further details on reporting obligations and mechanism for your information.
2020-03-31
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BRITISH VIRGIN ISLANDS - ECONOMIC SUBSTANCE CLASSIFICATION
BRITISH VIRGIN ISLANDS - ECONOMIC SUBSTANCE CLASSIFICATION
2019-10-11
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CAYMAN ISLANDS - ECONOMIC SUBSTANCE CLASSIFICATION
CAYMAN ISLANDS - ECONOMIC SUBSTANCE CLASSIFICATION
2019-10-11
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Cayman Updates – Amendment Laws, 2019
Cayman Updates- extension of deadline to file register of directors and officers
2019-09-11
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![UAE Economic Substance Regulations]()
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![BVI Updates - The Economic Substance (Companies and Limited Partnerships) Act, 2018]()
BVI Updates - The Economic Substance (Companies and Limited Partnerships) Act, 2018
Further to our E-Newsletter of 22 January 2019 regarding the Economic Substance (Companies and Limited Partnerships) Act, 2018 (the “Act”) which came into force on 1 January 2019 in the British Virgin Islands (“BVI”), the International Tax Authority (“ITA”) published a draft Economic Substance Code (the “Code”) on 23 April 2019, this is expected to be finalised soon.
2019-06-13
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![Cayman Updates - Economic Substance Law]()
Cayman Updates - Economic Substance Law
The International Tax Co-operation (Economic Substance) Law, 2018 (the “Economic Substance Law”) came into force on 1 January 2019 in the Cayman Islands (“Cayman”). The Economic Substance Law was enacted in response to the work of the Organisation for Economic Co-operation and Development (“OECD”) and the European Union (“EU”) on fair taxation. The OECD Forum on Harmful Tax Practices sets the international standard that requires geographically mobile activities to have substance regardless of whether the activities are conducted in a “no or nominal tax” jurisdiction or in a preferential tax regime of a jurisdiction that has corporate income tax.
2019-04-15
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![BVI Updates – Common Reporting Standard Reporting]()
BVI Updates – Common Reporting Standard Reporting
The British Virgin Islands ("BVI") International Tax Authority ("ITA") has issued a set of guidance notes in relation to the Common Reporting Standard (the "CRS Guidance Notes") to assist in the interpretation of the Standard for Automatic Exchange of Financial Information in Tax Matters developed by the Organisation for Economic Co-operation and Development (“OECD”) as implemented in the BVI.
2019-04-10
