111 results found

Following the coming into force of the TIEA both Japan and the British Virgin Islands can exchange information in relation to tax matters within the framework of the TIEA.

We are excited to share details of our Regulatory and Tax Disclosure tool which launched on 20 November 2023.

Further information about the BVIFARS Portal is available in this April 2015 Harneys update.

The BVI plans to update its Eligible Introducers Regime to ensure that beneficial ownership information of BVI companies is available to Competent Authorities.

Despite initial plans to launch the payment component in January 2024, unforeseen circumstances have led to a delay in its deployment. During this period, users are urged...

On 17 October 2023, the Council of the European Union removed the BVI from the EU list of non-cooperative jurisdictions for tax purposes (Annex I).

The government of the British Virgin Islands has issued a press release advising all BVI reporting Financial Institutions that it will be adopting a relaxed approach to the 1 June deadline for enrolling...

On 7 March 2024, the British Virgin Islands was removed from France's blacklist of non-cooperative tax jurisdictions, as announced in an official statement by BVI Premier Dr Natalio D Wheatley.

The Government of the Virgin Islands has signed its twenty-eighth Tax Information Exchange Agreement (TIEA) with the Government of the Isle of Man as the British Virgin Islands reinforces its commitment to comply with the international standards and the fight against tax evasion.

The Order is effectively subsidiary legislation to the BVI's Mutual Legal Assistance (Tax Matters) Act 2003 (the MLAT). The Order was made on 20 March 2024 and was Gazetted and came into force on 28 March 2024.

In April 2015 the BVI, the Cayman Islands and certain other jurisdictions were removed from Italy's blacklist of jurisdictions.

The Government of the British Virgin Islands has recently published two Bills (the Bills) which were read in the House of Assembly last month.

In April this year, Mr Justice Baker of the English Commercial Court dismissed proceedings brought by the Danish national tax authority (SKAT) against over 100 defendants...

The ITA has also updated the BVIFARS User Guide in relation to CRS submissions and a copy of the updated User Guide...

The International Tax Authority (ITA) of the British Virgin Islands has released templates for Individual and Entity Self-Certification Forms under US and UK FATCA. Copies can be found on the BVI Government's website.

The British Virgin Islands International Tax Authority has launched its BVI Financial Account Reporting System.

Partner John Gosling discusses the recent OECD rating on BVI's Tax Transparency.