Belize Economic substance
Belize economic substance | The economic substance Act, 2019 (ES Act) in Belize was enacted on October 12, 2019, and came into force on January 1, 2019. This act applies to legal entities which are incorporated or continued under the International Business Companies Act (Chapter 270) – i.e. IBCs. This legislation was introduced to address the concerns expressed by […]
Panama Investment Visa Everything You Should Know in 2024…
What will we cover in this webinar?
We will explain everything related to the qualified investor visa, how it works, what are the general requirements, where is it filed and when is the right time to apply a Panama investment visa.
Seychelles Beneficial ownership database
The Beneficial Ownership Act, 2020 (“BO Act”) came into force on 28 August 2020 along with the Beneficial Ownership Regulations (“BO Regulations”) imposing new requirements on Seychelles Legal Persons and Legal Arrangements (“Entities”).
Belize tax matter | Country -by- country reporting
Belize tax | For the attention of all the companies, including International Business Companies (IBC). On January 24th, 2020, Belize introduced Country-by-Country Reporting by way of the Mutual Administrative Assistance in Belize Tax Matters (Amendment) Act, 2020 (“the 2020 Amendment Act”) and also enacted accompanying Mutual Administrative Assistance in Belize Tax Matters (Automatic Exchange of Country-by-Country […]
Bahamas | Economic substance requirements
Economic substance Bahamas – March 2021 Reporting | Following our previous communications related to Economic substance in the Bahamas, we remind you that the entities with a fiscal year-end of June 2020 must submit their first CESRA filing no later than March 31, 2021. If an entity’s 2019 fiscal year-end occurred during the transitional period for CESRA […]
Cayman Islands Economic substance – COMMUNICATION
The International Tax Co-operation (Economic Substance) Law (as Revised) (the “Law”) came into force on 1 January 2019 and introduces certain reporting and economic substance requirements for Relevant Entities carrying on Relevant Activities. First-Year Deadlines The DITC has recently clarified the first-year deadlines for Economic Substance Return (ESR) filings are as outlined below. Entities Tax Resident in another […]
BVI | Economic substance legislation
BVI economic substance legislation is the topic you should know |The British Virgin Islands (BVI) passed economic substance legislation requiring legal entities performing relevant activities to demonstrate adequate economic substance within the BVI.
Barbados Economic substance requirements
Barbados economic substance | Barbados enacted the Companies (Economic Substance) Act, 2019-43 (CES Act) on November 27, 2019. This law was enacted in response to the requirements of the Organization for Economic Cooperation and Development (OECD) and the European Union (EU) to prevent tax avoidance. A resident company is required to file an Economic Substance […]
Bahamas | Economic substance report filing extension
Bahamas economic substance | The Bahamas Ministry of Finance has granted an extension on the deadline to file the 2019 economic substance report (from December 31st, 2020) to January 31st, 2021 for entities incorporated prior to January 1st, 2020, and with fiscal year-end December 31st, 2019. Bahamas | economic substance report filing extension What needs to be […]
Panama | Register of beneficial owners overview
Panama has taken a significant step towards financial transparency by introducing a private register of beneficial owners for corporations in Panama. This move, established through Law 129 of 2020, positions Panama as a proactive player in the global effort to enhance corporate accountability. The establishment of the Registry System for Beneficial Owners of Legal Entities […]
