On 1 January 2019 new economic substance requirements came into force in key offshore jurisdictions.

The new regulations, implemented in response to concerns raised by the EU’s Code of Conduct Group on Business Taxation, are aimed at avoiding situations where corporate taxpayers benefit from a preferential tax regime without demonstrating real economic activity.

In this white paper, Belinda Hartzenberg and Gavin Farrell take an in-depth look at the new requirements.

Download The Guernsey Substance Requirements PDF →

Author Belinda Hartzenberg Associate
Author Gavin Farrell Advocate & Partner