Events

Economic substance requirements for tax havens

Stonehage Fleming is proud to present this webinar in collaboration with STEP.

If the question is posed to international tax experts on what the most important concept is as far as international tax and structures are concerned, the answer will probably be ‘substance’. This is substantiated by the process led by the OECD and EU that gained momentum during the last two years in terms of which tax havens (the preferred term these days is ‘no or low tax countries’) were forced to introduce economic substance requirements. Relevant countries have reacted swiftly to the new requirements and in the Channel Islands, the BVI and Mauritius for example (all popular destinations for South Africans) the new domestic laws became effective from the 1^st of January 2019.

This webinar will deal with the most important aspects as far as the economic substance requirements are concerned. It will also discuss other overarching tax principles such as place of effective management and tax residence and the relevance of these concepts in relation to tax havens, with reference to specific provisions in the South African income tax legislation.

Upon registering your attendance you will receive an email with a link to join the event.

For best results we recommend using Chrome as your browser.

If you have any questions please contact monean.winterbach@stonehagefleming.com or +27 83 657 1618