Economic substance compliance health checks

To retain their local tax advantages, international companies must frequently meet minimum standards of in-jurisdiction economic substance regulations. Navigating the regulatory detail – one jurisdiction at a time – can be fraught with risk.

TMF Group’s global network of experts keep you on the right side of these complicated regimes across the entire footprint of your global operations.

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What is economic substance?

The more local presence and business activity an international company brings to a given market, the greater its ‘economic substance’ in the eyes of the tax authority.

For a multinational with little or no local business activity there can be adverse tax consequences in that jurisdiction.

Encouraged by the OECD’s new global standards and the EU’s blacklist of non-cooperative tax jurisdictions, tax authorities all over the world are now policing their economic substance requirements much more stringently. 

Economic substance reporting with TMF Group

TMF Group’s worldwide network of local regulatory experts are ideally placed to accurately assess your local economic substance requirements, jurisdiction by jurisdiction, helping you remedy any shortcomings. We will help to keep you compliant with local economic regulations and legislation, meeting global standards across your entire operations.

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We make a complex world simple

TMF Group is a leading provider of critical administrative services, helping clients invest and operate safely around the world.

With more than 10,000 colleagues in 125 offices across 86 jurisdictions, all working to the same high standards of service and security, we provide our clients with local expertise where it is needed most. Our locations cover 92% of world GDP and 95% of FDI inflow.

We are a key part of our clients’ governance, providing the accounting, tax, payroll, fund administration and legal entity management services essential to their success. We make sure rules are followed, reputations protected and operational compliance maintained.

Our global service model and technology platform put our clients in control of their portfolio of entities and global locations. The data insights we deliver keep them on top of emerging regulation, the status of their own activity and any points of risk.

We serve corporates, financial institutions, asset managers, private equity and real estate investors, and family offices. Our clients include the majority of the Fortune Global 500, FTSE 100 and top 300 private equity firms. 

Find out more about our Economic substance compliance health checks

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