Search results with tag "Economic substance"
RULES ON ECONOMIC SUBSTANCE IN THE VIRGIN ISLANDS …
bvi.gov.vg2.6 Economic substance is assessed over a financial period as defined in section 4 of the ESA. 2.7 It is possible for an entity to carry on more than one relevant activity at a time. In that situation the economic substance requirements must be satisfied in …
International Tax Co-operation (Economic Substance) Act
www.ditc.kyeconomic substance test in relation to a relevant activity satisfies such test; (c) to monitor compliance with this Act; and (d) any other function specified in this Act. 4. Requirement to satisfy economic substance test 4. (1) Subject to subsections (5), (6) and (7) and to regulations made under section 15,
BVI Economic Substance Reporting
f.datasrvr.comOct 08, 2021 · 1) The company number and company name you provide for this BVI Economic Substance (“ES”) Reporting Form must be exactly the same as what is shown on the company’s Certificate of Incorporation. 2) All BVI ES Reporting will be subject to the approval of the BVI International Tax Authority (“ITA”)
Guide to Economic Substance in the BVI - Trident Trust
www.tridenttrust.comBVI International Tax Authority (ITA), which is responsible for administering and enforcing the ESA. The ITA’s Economic Substance Rules (“ESA Rules”) set out the manner in which the ITA will implement the ESA. Regulations regarding the filing and submission periods (and likely any applicable fees) are to yet to be drafted.