Brighter Law

Lexology Economic Substance

Authors: Luca Bonetto, Joanna Martinez

 

Economic Substance requirements for entities doing business in or through Crown Dependencies and offshore jurisdictions remain broadly similar to each other, but subtle differences do exist. Lexology’s quick reference guide enables side-by-side comparison of local insights into economic substance regimes including affected entities and activities; tax residence considerations; criteria used by tax authorities to determine whether an organisation has sufficient economic substance within a given jurisdiction; enforcement regimes; reporting and compliance requirements; and recent trends.

 

Read the G&P Attorneys 2023 Guide to Economic substance in Turks and Caicos here

 

Read the 2023 Economic Substance for Turks & Caicos Islands here

 

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Economic Substance requirements for entities doing business in or through Crown Dependencies and offshore jurisdictions remain broadly similar to each other, but subtle differences do exist.