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British Virgin Islands Updates Economic Substance Rules to Exclude UAE from List of Jurisdictions Without a Corporate Income Tax System

|Approved Changes|British Virgin Islands
British Virgin Islands

On 8 April 2024, the British Virgin Islands International Tax Authority issued a notice on updates to the economic substance rules.

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Notice From The International Tax Authority Update To Rules On Economic Substance

The latest update from the International Tax Authority regarding the Rules on Economic Substance (v4) as of 2 April 2024, has been released.

This particular update focuses on Rule 5, and notably excludes the United Arab Emirates from the list of jurisdictions without a co…

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