Currently pending ratification, the treaty between Cyprus and Barbados (the Treaty) was signed on the 3 May 2017 by Mr Euripides L Evriviades, the High Commissioner of Cyprus in the United Kingdom...

After ten years of negotiations, Luxembourg and Cyprus signed their first double-tax treaty on 8 May.

The Government of the British Virgin Islands ("BVI") has published a Guide outlining how the European Union Savings Tax Directive ("EUSD") is to be implemented in the Territory. More comprehensive guidelines are expected to be issued in due course.

The British Virgin Islands and the Cayman Islands have entered into agreements with the UK for automatic disclosure of information in respect of interests in financial accounts held by UK residents.

This case, decided in March 2017, represents a fundamental protection for those who invest in or hold interests in the BVI.

The BVI and Cayman Courts are usually the work horses of the Caribbean international financial centres. 2016 proved to be no different.

The Common Reporting Standard (CRS) is the standard for automatic exchange of financial account information produced by the Organisation for Economic Cooperation and Development...

The system of tax information exchange in the BVI is largely modelled on international principles developed by the Organisation for Economic Co-operation and Development (the OECD).

Businesses conducting cross-border transactions face the challenge of creating structures to help mitigate the increasingly complicated global framework of tax, regulation and securities law in a...

The draft Economic Substance Code has now been published by the ITA and contains rules and guidance from the ITA with regard to the application of the Economic Substance (Companies and Limited Partnerships) Act 2018.

The British Virgin Islands ("BVI") are home to 361,491 active companies as of 31 December 2023. This article considers the reasons for the BVI's popularity as a jurisdiction to structure international transactions.

In response to the requirements of the EU Code of Conduct Group, the British Virgin Islands has enacted new legislation setting out an economic substance test for tax-resident entities.

As part of the British Virgin Islands' ("BVI") ongoing commitment to international tax transparency pursuant to the Common Reporting Standard ("CRS")

Whether one is an avid follower of the financial news or just simply the average individual who skims the printed media, it has been hard to ignore the rhetoric surrounding the global push for tax transparency.

Owners of British Virgin Islands ("BVI") companies that hold UK residential property (together with other interested parties such as settlors of trusts) will have been following closely the changes made over the last three years to the taxation of UK residential property held by companies.

The OECD Standard for Automatic Exchange of Financial Account Information (commonly known as the Common Reporting Standard or "CRS") is a global information exchange regime developed...

The British Virgin Islands Government announced that it had concluded negotiations with the US with respect to a Model 1B Intergovernmental Agreement.

Whilst completely separate regimes, the CRS imposes similar reporting and other obligations as are required under the US Foreign Account Tax Compliance Act or "FATCA" regime.

In this review of taxation and the British Virgin Islands, Conyers Corporate Counsel Nicholas Kuria discusses some of the most commonly misunderstood notions relating to the use of offshore jurisdictions, with a focus on the BVI.

The British Virgin Islands (the BVI), along with most other major offshore jurisdictions, introduced "economic substance" requirements for entities carrying on certain specified activities.