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.

Our 9,100 experts and 120 offices in 85 jurisdictions worldwide serve corporates, financial institutions, asset managers, private clients and family offices, providing the combination of accounting, tax, payroll, fund administration, compliance and entity management services essential to global business success.

We know how to unlock access to the world’s most attractive markets – no matter how complex – swiftly, safely and efficiently. That’s why more than 60% of the Fortune Global 500 and FTSE 100, and almost half the top 300 private equity firms, work with us.

Our unique global delivery model, underpinned by our innovative digital platforms, means we can cover sectors as diverse as capital markets, private equity, real estate, pharmaceuticals, energy and technology, with experts on the ground providing local support.

With year-on-year growth averaging 8% since 2013, TMF Group is a trusted and reliable partner. Whether operating across one border or many, with a handful of staff or several thousand, we have the business-critical support you need to expand, operate and grow while remaining compliant, everywhere.

Find out more about our Economic substance compliance health checks

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