In accordance with Article 6.7 of Ministerial Decision 100, all Notifications and Economic Substance Reports must move forward only be submitted electronically on the Ministry of Finance Portal. Licensees and/or Exempted Licensees can commence filing on the Ministry of Finance portal once it goes live, which is scheduled for the first week of December 2020. The Ministry of Finance will continue to provide additional information concerning the Ministry of Finance portal.
Article 4.4 of Ministerial Decision 100 provides that all Notifications must be submitted within six months from the end of the Financial Year. Licensees that already submitted a Notification directly to their Regulatory Authorities are required to re-submit this Notification on the Ministry of Finance Portal once available.
Article 8.4 of Decision 57 provides that all Economic Substance Reports must be submitted within twelve months from the end of the Financial Year.