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Substance requirements – Intellectual property in focus
As many are now aware, all companies with activities and income in a relevant sector in an accounting period will be required to demonstrate that they have adequate substance in the Island. The adequate substance requirements will generally require that a company: is directed and managed in the Island; has an adequate number of (qualified) employees […]
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Substance rules explained
In order to fight tax fraud, evasion and avoidance, the EU Code of Conduct Group (the Code Group) assessed the tax policies of various countries in 2017. Following a comprehensive review of 92 jurisdictions around the world, the EU produced a list of jurisdictions it identified as having harmful tax regimes that it sought to […]
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