Enforcement action under the BVI Economic Substance regime - ITA determinations of non-compliance

   Jun 16, 2021    | ABL News

Our BVI economic substance team has put together an overview of the process under which we are beginning to see the BVI International Tax Authority (ITA) determining that a BVI company or limited partnership may have been non-compliant with the economic substance regime requirements during the first financial period (typically June 2019 to June 2020, with reporting submitted by December 2020).

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