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Economic Substance Doctrine Reporting Requirements International Tax Issues

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Economic Substance Declaration Filings – May 2025

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The Economic Substance Act 2018 (the “Act”) requires Bermuda-based entities that are carrying on a “relevant activity” in a relevant financial period and entities claiming “non-resident entity” status under the Act to file an...more

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IP Companies and TROs Urged to Submit Outstanding Cayman Islands Economic Substance Filings

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The deadline set by the Cayman Islands Department for International Tax Cooperation (“DITC”) for filings by relevant entities that carry on intellectual property business (“IP Companies”) and entities claiming tax residency...more

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