Category: Mutual Legal Assistance (Tax Matters) Act

Automatic Exchange of Information / British Virgin Islands / Common Reporting Standard / Directors / Fees / Framework / Legislation / Mutual Legal Assistance (Tax Matters) Act / Statutory / Tax Authority / Tax Information Exchange Agreements

Government introduces bill to establish ITA as a statutory body

Posted On: March 2, 2017

New legislative proposals aim to establish the BVI International Tax Authority (ITA) as a fully fledged independent government institution in the British Virgin Islands with its own legal personality, giving it autonomy over the performance of its functions. The ITA was initially established within the Ministry of Finance to administer… – Continue reading

2003 / Automatic Exchange of Information / British Virgin Islands / Citizenship / Common Reporting Standard / FATCA / Investments / Jurisdiction / Mutual Legal Assistance (Tax Matters) Act / OECD / Residence / Residency / United Kingdom / USA / Withholding tax rules

British Virgin Islands: Adoption Of The OECD Common Reporting Standard In The British Virgin Islands

Posted On: January 18, 2016

On 1st January 2016, an amendment to the Mutual Legal Assistance (Tax Matters) Act, 2003 came into force which implements the Organisation for Economic Co-Operating and Development (OECD) Common Reporting Standard for the exchange of tax information (CRS) in the British Virgin Islands (BVI). Globally this means that participating jurisdictions… – Continue reading

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