Harneys launches its S.O.S. series, delivering hot takes on critical topics around the Economic Substance legislation. 

Each episode will give the very latest updates on this ever-changing environment, with an aim to provide consistency and certainty for our audience. 

First up, Phil Graham and Josh Mangeot discuss the immediate implications of the presentation Neil Smith, Director of International Business delivered to the BVI private sector on Wednesday 10th July.

Key takeaways: 

• An update on the timing of the release of the Code and Guidance Notes

• A steer from the ITA on what they will be expecting all BVI entities to do

• Clarification around Tax Residence

• The ITA’s view on the Harneys Economic Substance Classification Solution