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The International Tax Co-operation (Economic Substance) (Prescribed Dates) Regulations, 2018 made 21st December, 2018 as amended by the Citation of Acts of Parliament Act, 2020 [Act 56 of 2020]. Consolidated with \u2014 International Tax Co-operation (Economic Substance) (Prescribed Dates) (Amendment) Regulations, 2021 made 29th June, 2021. Consolidated and revised this 31st day of December, 2023. INTERNATIONAL TAX CO-OPERATION (ECONOMIC SUBSTANCE) (PRESCRIBED DATES) Regulations (2024 Revision) Arrangement of Regulations International Tax Co-Operation (Economic Substance) Act (2024 Revision) INTERNATIONAL TAX CO-OPERATION (ECONOMIC SUBSTANCE) (PRESCRIBED DATES) REGULATIONS (2024 Revision) Arrangement of Regulations 1. 2. 3. 4.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_5\", \"num\": \"5.\", \"text\": \"Date from which the economic substance test shall be satisfied by partnerships,\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_6\", \"num\": \"6.\", \"text\": \"Prescribed date for the purposes of section 7(3) of the principal Act for partnerships, ENDNOTES INTERNATIONAL TAX CO-OPERATION (ECONOMIC SUBSTANCE) (PRESCRIBED DATES) Regulations (2024 Revision) Regulation 1 International Tax Co-Operation (Economic Substance) Act (2024 Revision) INTERNATIONAL TAX CO-OPERATION (ECONOMIC SUBSTANCE) (PRESCRIBED DATES) REGULATIONS (2024 Revision)\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_1\", \"num\": \"1.\", \"text\": \"Citation 1. These Regulations may be cited as the International Tax Co-operation (Economic Substance) (Prescribed Dates) Regulations (2024 Revision).\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_2\", \"num\": \"2.\", \"text\": \"Definition 2. In these Regulations \u2014 \u201cprincipal Act\u201d means the International Tax Co-operation (Economic Substance) Act (2024 Revision).\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_3\", \"num\": \"3.\", \"text\": \"Date from which the economic substance test shall be satisfied 3. The date from which a relevant entity shall satisfy the economic substance test in relation to a relevant activity shall be \u2014 (a) in the case of a relevant entity that was not in existence prior to the commencement of the Law, the date on which the relevant entity commences the relevant activity; or (b) in the case of a relevant entity that was in existence prior to the date of commencement of this Law, 1st July 2019. Regulation 4 INTERNATIONAL TAX CO-OPERATION (ECONOMIC SUBSTANCE) (PRESCRIBED DATES) Regulations (2024 Revision)\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_4\", \"num\": \"4.\", \"text\": \"Prescribed date for the purposes of section 7(3) of the principal Act 4. The date for the purposes of section 7(3) of the principal Act shall be 1st January, 2019. 5. Date from which the economic substance test shall be satisfied by partnerships, exempted limited partnerships and foreign limited partnerships 5. Notwithstanding regulation 2, the date from which a partnership, an exempted limited partnership, or a foreign limited partnership, which is a relevant entity, shall satisfy the economic substance test in relation to a relevant activity shall be \u2014 (a)  in the case of a partnership, an exempted limited partnership or a foreign limited partnership that was not in existence prior to the commencement of the International Tax Co-operation (Economic Substance) (Amendment of Schedule) Regulations, 2021, the date on which the partnership, the exempted limited partnership or the foreign limited partnership, as the case may be, commences the relevant activity; or (b)  in the case of a relevant entity that was in existence prior to the commencement of the International Tax Co-operation (Economic Substance) (Amendment of Schedule) Regulations, 2021, 1st January, 2022. 6. Prescribed date for the purposes of section 7(3) of the principal Act for partnerships, exempted limited partnerships and foreign limited partnerships 6. Not Notwithstanding regulation 3, the date for the purposes of section 7(3) of the principal Act shall be 1st July, 2021 in the case of a partnership, an exempted limited partnership or a foreign limited partnership. Publication in consolidated and revised form authorised by the Cabinet this 30th day of January, 2024. Kim Bullings Clerk of the Cabinet INTERNATIONAL TAX CO-OPERATION (ECONOMIC SUBSTANCE) (PRESCRIBED DATES) Regulations (2024 Revision) ENDNOTES ENDNOTES Table of Legislation history: SL # Act\/Law # Legislation Commencement Gazette 49\/2021 International Tax Co-operation (Economic Substance) (Prescribed  Dates) (Amendment) Regulations, 2021 29-Jun-2021 LG38\/2021\/s2 56\/2020 Citation of Acts of Parliament Act, 2020 3-Dec-2020 LG89\/2020\/s1 41\/2018 International Tax-Cooperation (Economic Substance) (Prescribed Dates) Regulations, 2018 27-Dec-2018 GE98\/2018\/s5 ENDNOTES INTERNATIONAL TAX CO-OPERATION (ECONOMIC SUBSTANCE) (PRESCRIBED DATES) Regulations (Price $1.60)\", \"element\": \"section\", \"heading\": null}], \"meta\": {\"notes\": null, \"workflow\": null, \"lifecycle\": {\"source\": \"#cilegis\", \"eventRef\": [{\"eId\": \"e_commence_2024_01_01\", \"date\": \"2024-01-01\", \"type\": \"generation\", \"source\": \"#cilegis\"}]}, \"references\": {\"source\": \"#canary\", 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2020].\n\nConsolidated with \u2014\nInternational Tax Co-operation (Economic Substance) (Prescribed\nDates) (Amendment) Regulations, 2021 made 29th June, 2021.\n\nConsolidated and revised this 31st day of December, 2023.\n\nINTERNATIONAL TAX CO-OPERATION (ECONOMIC SUBSTANCE)\n(PRESCRIBED DATES) Regulations (2024 Revision)\nArrangement of Regulations\n\nc\nRevised as at 31st December, 2023\nPage 3\n\nCAYMAN ISLANDS\n\nInternational Tax Co-Operation (Economic Substance) Act\n(2024 Revision)\nINTERNATIONAL TAX CO-OPERATION\n(ECONOMIC SUBSTANCE) (PRESCRIBED\nDATES) REGULATIONS\n(2024 Revision)\nArrangement of Regulations\nSection\nPage\n1.\nCitation ......................................................................................................................................5\n2.\nDefinition ...................................................................................................................................5\n3.\nDate from which the economic substance test shall be satisfied ................................................5\n4.\nPrescribed date for the purposes of section 7(3) of the principal Act ..........................................6\n5.\nDate from which the economic substance test shall be satisfied by partnerships,\nexempted limited partnerships and foreign limited partnerships .................................................6\n6.\nPrescribed date for the purposes of section 7(3) of the principal Act for partnerships,\nexempted limited partnerships and foreign limited partnerships .................................................6\nENDNOTES\n7\nTable of Legislation history: .................................................................................................................7\n\nINTERNATIONAL TAX CO-OPERATION (ECONOMIC SUBSTANCE)\n(PRESCRIBED DATES) Regulations (2024 Revision)\nRegulation 1\n\nc\nRevised as at 31st December, 2023\nPage 5\n\nCAYMAN ISLANDS\n\nInternational Tax Co-Operation (Economic Substance) Act\n(2024 Revision)\nINTERNATIONAL TAX CO-OPERATION\n(ECONOMIC SUBSTANCE) (PRESCRIBED\nDATES) REGULATIONS\n(2024 Revision)\n\n1.\nCitation\n1.\nThese Regulations may be cited as the International Tax Co-operation (Economic\nSubstance) (Prescribed Dates) Regulations (2024 Revision).\n2.\nDefinition\n2.\nIn these Regulations \u2014\n\n\u201cprincipal Act\u201d means the International Tax Co-operation (Economic Substance)\nAct (2024 Revision).\n3.\nDate from which the economic substance test shall be satisfied\n3.\nThe date from which a relevant entity shall satisfy the economic substance test in\nrelation to a relevant activity shall be \u2014\n(a)\nin the case of a relevant entity that was not in existence prior to the\ncommencement of the Law, the date on which the relevant entity\ncommences the relevant activity; or\n(b) in the case of a relevant entity that was in existence prior to the date of\ncommencement of this Law, 1st July 2019.\n\nRegulation 4\nINTERNATIONAL TAX CO-OPERATION (ECONOMIC SUBSTANCE)\n(PRESCRIBED DATES) Regulations (2024 Revision)\n\nPage 6\nRevised as at 31st December, 2023\nc\n\n4.\nPrescribed date for the purposes of section 7(3) of the principal Act\n4.\nThe date for the purposes of section 7(3) of the principal Act shall be 1st January,\n2019.\n5.\nDate from which the economic substance test shall be satisfied by\npartnerships,\nexempted\nlimited\npartnerships\nand\nforeign\nlimited\npartnerships\n5.\nNotwithstanding regulation 2, the date from which a partnership, an exempted limited\npartnership, or a foreign limited partnership, which is a relevant entity, shall satisfy\nthe economic substance test in relation to a relevant activity shall be \u2014\n(a)  in the case of a partnership, an exempted limited partnership or a foreign limited\npartnership that was not in existence prior to the commencement of the International\nTax Co-operation (Economic Substance) (Amendment of Schedule) Regulations,\n2021, the date on which the partnership, the exempted limited partnership or the\nforeign limited partnership, as the case may be, commences the relevant activity; or\n(b)  in the case of a relevant entity that was in existence prior to the commencement of\nthe International Tax Co-operation (Economic Substance) (Amendment of Schedule)\nRegulations, 2021, 1st January, 2022.\n6.\nPrescribed date for the purposes of section 7(3) of the principal Act for\npartnerships,\nexempted\nlimited\npartnerships\nand\nforeign\nlimited\npartnerships\n6.\nNot Notwithstanding regulation 3, the date for the purposes of section 7(3) of the\nprincipal Act shall be 1st July, 2021 in the case of a partnership, an exempted limited\npartnership or a foreign limited partnership.\nPublication in consolidated and revised form authorised by the Cabinet this 30th\nday of January, 2024.\n\nKim Bullings\nClerk of the Cabinet\n\nINTERNATIONAL TAX CO-OPERATION (ECONOMIC SUBSTANCE)\n(PRESCRIBED DATES) Regulations (2024 Revision)\n\nENDNOTES\n\nc\nRevised as at 31st December, 2023\nPage 7\n\nENDNOTES\nTable of Legislation history:\nSL #\nAct\/Law #\nLegislation\nCommencement\nGazette\n49\/2021\n\nInternational Tax Co-operation (Economic Substance)\n(Prescribed  Dates) (Amendment) Regulations, 2021\n29-Jun-2021 LG38\/2021\/s2\n\n56\/2020\nCitation of Acts of Parliament Act, 2020\n3-Dec-2020 LG89\/2020\/s1\n41\/2018\n\nInternational Tax-Cooperation (Economic Substance)\n(Prescribed Dates) Regulations, 2018\n27-Dec-2018 GE98\/2018\/s5\n\nENDNOTES\nINTERNATIONAL TAX CO-OPERATION (ECONOMIC SUBSTANCE)\n(PRESCRIBED DATES) Regulations\n\nPage 8\nRevised as at 31st December, 2023\nc\n\n(Price $1.60)","akn_extracted_at":"2026-06-22 15:38:44.037543+00","cms_id":"2018-0041","law_type":"subordinate","year":"2018","number":"41","title":"International Tax Co-operation (Economic Substance) (Prescribed Dates) Regulations","status":"in_force"},"provenance":{"files":[{"file_id":"5985","expr_id":"743","kind":"akn_xml","filename":"2018-0041_2024 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