Substance Compliance Health Check

What is economic substance?

Substance is the degree to which an organisation has operational activity in a country. The more local reporting, infrastructure, transactions and legal presence a company has, the greater its economic substance.

If a company’s substance levels do not meet a country’s required standards, the company can face penalties, including loss of tax treaty benefits or the denial of a local tax residency.

How can TMF Group help?

TMF Group has developed a Substance Compliance Health Check to help you assess your local economic substance. Our team of experts have in-depth knowledge of local regulations and can help with compliance requirements, wherever you are based.

Why TMF Group?

Our local compliance experts in over 80 jurisdictions have unparalleled knowledge.

We can help you to keep your local entities in compliance with local regulations and global reporting requirements.

Find out more about our Substance Compliance Health Check services

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