BVI Webinar Series: Key Developments Affecting BVI Companies
Session 3: Economic Substance: Practical Advice 3 Years On ...
In this third edition of our monthly webinar series, BVI Counsel Rachael Pape and Nicholas Kuria provide an overview of Economic Substance for BVI Companies, three years post implementation.
Key topics include:
- Relevant Activities (key issues and common misunderstandings)
with respect to
- Holding Businesses
- Finance and Leasing Businesses
- ITA Audits and Financial Periods; and
- Post-submission issues, including
- mistaken returns
- late filings
- potential penalties and offences
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.