BEPS 5 Substance Rules in Benelux and selected offshore jurisdictions: companies involving intellectual property - the challenges of meeting the Substance Rules. 8 December 2020
STEP Benelux invites you to the final session of its 2020 Webinar Series focussing on private and business wealth, regulatory compliance, tax and family governance, as shaped by current events.
With BEPS 5 Substance Rules now well introduced across Benelux as well as in offshore financial centres such as BVI, Jersey, Isle of Man, Guernsey, Cayman, UAE, Bermuda it is time to have substance requirements implemented in individual jurisdictions.
Namely, structures in offshore locations will need to introduce specific substance as required under the BEPS 5 Rules if they are to remain there. Of particular interest is also the rebuttal presumption on Intellectual Property companies.
If not met, Intellectual Property structures may find their way back to the Benelux jurisdictions and wider EU member countries. This represents an opportunity for individual jurisdictions such as Luxembourg and the wider EU to set out the rules to »onboard« such incoming Intellectual Property.
There are also some opportunities to outsource some of the substance activities, which again could be interesting for Luxembourg and the wider EU.
Among the topics that will be addressed are:
- BEPS 5 Substance Rules general implications
- BEPS 5 and requirements with respect to Intellectual Property companies
- Intellectual Property Rebuttal Presumption under BEPS 5 – practical considerations
- Jersey, Guernsey, Isle of Man and BEPS 5 Substance Rules – practical feedback
- BVI and BEPS 5 Substance Rules – practical feedback
- Implications and consequences of »onshoring« Intellectual Property back to Luxembourg and the United Kingdom
Speakers:
- Aki Corsoni-Husain, Partner, Harneys
- Gary Ashford, Partner, Chartered Tax Adviser, Harbottle & Lewis
- Kate Anderson, Partner, Voisin Law
- Tatjana Andoljsek, Partner, Opam Law
* Note: Register via [email protected] - WebEx details available following registration
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