Anguilla Competent Authority for International Tax Cooperation
Government of Anguilla ai-flag

Spontaneous Exchange - Economic Substance

Anguilla’s suite of Economic Substance Legislation provides that when an in-scope entity (as defined within the legislation) carries on a relevant activity in a relevant financial period and does not satisfy the economic substance requirements or is engaged in high-risk IP activity, Anguilla’s competent authority must provide information about that entity for that period to the competent authorities of the EU member states in which the holding entity, ultimate parent entity, owner, or beneficial owner of the entity is incorporated, formed, registered, or resident.

Anguilla will only exchange information with jurisdictions with whom Anguilla has an international agreement to provide tax information assistance. The exchanges will be govern by the terms of those agreements.