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Economic Substance

Cap. 273:01 · Revised Edition 2020 · 30 sections

• s. 1Short title
• s. 2Interpretation
• s. 3Application
• s. 4Requirements to meet substantial economic presence
• s. 5Meaning of relevant activities
• s. 6Core income generating activities required in Belize, etc
• s. 7Outsourcing of core income generated activities
• s. 8Management and control
• s. 9Reduced substance requirements for holding companies
• s. 10Reporting requirement
• s. 11Compliance by electronic means
• s. 12Competent authority to report
• s. 13Compliance measures
• s. 14Approved auditor
• s. 15Interpretation of this Part
• s. 16Failure to meet substantial economic presence
• s. 17Measures to ensure compliance
• s. 18Offences and penalties
• s. 19Maximum administrative penalty and due process
• s. 20Violation powers
• s. 21Violation rules
• s. 22Review rules
• s. 23Payment to General Fund
• s. 24Administrative penalty not to apply
• s. 25Anti-avoidance
• s. 26Admissibility of documents
• s. 27Removal from the Register
• s. 28Appeals
• s. 29Regulations
• s. 30Guidelines and amendment of Forms