Industry Notices
In relation to the Economic Substance Act 2018 (the
"Act") and the related Guidance Notes
issued by the Minister of Finance on 24 December 2019 (the
"Guidance Notes"), the Registrar of
Companies has prepared draft supplemental schedules to the Guidance
Notes providing additional sector-specific guidance in relation to
each of the relevant activities set out in the Act (the
"Sector-Specific Guidance").
The draft Sector-Specific Guidance remains subject in all
respects to review by the EU Code of Conduct Group on Business
Taxation (the "Code Group"), and by the
OECD Forum on Harmful Tax Practices
("FHTP"), and the Registrar of Companies
is actively engaged with both for that purpose.
