← belizelaw.ai · Economic Substance, Cap. 273:01 · PART V — General
Regulations
Cap. 273:01, s. 29 · Revised Edition 2020
(1) The competent authority may, with the approval of the Minister, make regulations for the better carrying out of the provisions of this Act and for prescribing–
(a) adequate levels of qualified full-time employees and physical office resources;
(b) the circumstances which amount to outsourcing and the prohibitions thereof;
(c)
(d) the determination of or the method of determining, the amount payable as the which may be different for individuals and other persons, for each violation;
(e) the service of documents required or authorized under section 20, including the manner and proof of service and the circumstances under which documents are considered to be served;
(f) the procedures for designation of persons within the principles of natural justice;
(g) the transparent procedures for assessment and implementation of administrative penalties;
and
(h) any other matter or thing required to be prescribed.
(2) Regulations made under this section shall be subject to negative resolution of the National Assembly.
Forms.
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