Bermudan entities required to file an economic substance declaration within six months of their 2019/20 financial year-end need to be aware of several rule changes implemented by the Registrar of Companies in response to the EU Code of Conduct Group (Business Taxation)'s demands. Contrary to previous guidance, any entity conducting a 'relevant activity' must now file a declaration even if that activity did not earn gross revenue. Considerable additional information is now also required ...