The statutory deadline of Tuesday, May 31 for US FATCA reporting obligations has been extended to Friday, June 17.

The BVI Government has released draft Guidance Notes for public consultation.

The Government of the British Virgin Islands recently signed a Tax Information Exchange Agreement with the Canadian Government.

As noted in an earlier update, the deadline for the registration of Cayman Islands Financial Institutions with the Cayman Islands Tax Information Authority was recently extended to 30 April 2015.

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.

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

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

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...

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

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

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.

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.

On Monday, 5 December, the Government announced the results of the consultation on the proposed reforms to the taxation of non-domiciles.

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