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Draft Economic Substance Code
  • POST ON 24 Apr 2019

The International Tax Authority (“ITA”) of the British Virgin Islands (“BVI”) has just published the draft ITA Code, which sets out the effect of the legislation enacted by the BVI to secure compliance with international standards on economic substance for entities in zero or nominal tax jurisdictions. The Code comprises: 

  • extracts from legislation;
  • rules made by the ITA; and
  • guidance issued by the ITA.

You can download the draft Code, below. 

 

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