Mondaq All Regions - British Virgin Islands: Tax
O'Neal Webster
The British Virgin Islands Government recently announced the extension of the 2017 deadlines for notification and reporting obligations under the Common Reporting Standard, or CRS.
O'Neal Webster
The British Virgin Islands Government recently announced the extension of the 2017 deadlines for notification and reporting obligations under the Common Reporting Standard, or CRS.
Harneys
The Common Reporting Standard (CRS) is the standard for the automatic exchange of financial account information produced by the OECD, which provides for exchange of client due diligence (CDD) information between various jurisdictions.
Harneys
The clock is ticking towards April 2017 when the new rules affecting the status of non-domiciled but UK resident individuals as set out in Finance Bill 2017 will take full force and effect.
O'Neal Webster
The UK Government's recent consultation on tax reforms in respect of non-domiciled individuals, whether resident or not, has resulted in a shake-up of company law.
Maples and Calder
In your jurisdiction, what pre-entrpy estate and gift tax planning can be undertaken? There are no estate or gift taxes in the British Virgin Islands.
Harneys
Legislative proposals in the BVI intend to institute the BVI International Tax Authority as a fully-fledged independent government institution in the BVI with its own legal personality . . .
Maples and Calder
In your jurisdiction, what pre-entrpy estate and gift tax planning can be undertaken? There are no estate or gift taxes in the British Virgin Islands.
Harneys
On Monday, 5 December, the Government announced the results of the consultation on the proposed reforms to the taxation of non-domiciles.
Harneys
The Government of the British Virgin Islands has recently enacted two revenue-increasing measures. One raises the tax on alcohol and tobacco, and the other on hotel accommodation.
Harneys
The statutory deadline of Tuesday, May 31 for US FATCA reporting obligations has been extended to Friday, June 17.
Harneys
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.
Maples and Calder
The principles under the BVI CRS Legislation are very similar to FATCA and the BVI US and UK FATCA legislation (collectively "FATCA"), although there are some important distinctions.
Walkers
Partner John Gosling discusses the recent OECD rating on BVI's Tax Transparency.
Harneys
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.
Harneys
Further information about the BVIFARS Portal is available in this April 2015 Harneys update.
Harneys
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.
Harneys
Cyprus and India have signed a new double tax treaty which is expected to foster increased use of Cyprus as a gateway for investment both into and out of India.
Harneys
After a three year standstill during which Cyprus was declared a 'notified' jurisdiction under the Indian tax code due to a perceived lack of information sharing...
Maples and Calder
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.
Most Popular Recent Articles
O'Neal Webster
The British Virgin Islands Government recently announced the extension of the 2017 deadlines for notification and reporting obligations under the Common Reporting Standard, or CRS.
O'Neal Webster
The British Virgin Islands Government recently announced the extension of the 2017 deadlines for notification and reporting obligations under the Common Reporting Standard, or CRS.
Harneys
The Common Reporting Standard (CRS) is the standard for the automatic exchange of financial account information produced by the OECD, which provides for exchange of client due diligence (CDD) information between various jurisdictions.
O'Neal Webster
The UK Government's recent consultation on tax reforms in respect of non-domiciled individuals, whether resident or not, has resulted in a shake-up of company law.
Harneys
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.
Harneys
The statutory deadline of Tuesday, May 31 for US FATCA reporting obligations has been extended to Friday, June 17.
Maples and Calder
In your jurisdiction, what pre-entrpy estate and gift tax planning can be undertaken? There are no estate or gift taxes in the British Virgin Islands.
Maples and Calder
In your jurisdiction, what pre-entrpy estate and gift tax planning can be undertaken? There are no estate or gift taxes in the British Virgin Islands.
Harneys
The Government of the British Virgin Islands has recently enacted two revenue-increasing measures. One raises the tax on alcohol and tobacco, and the other on hotel accommodation.
Maples and Calder
The principles under the BVI CRS Legislation are very similar to FATCA and the BVI US and UK FATCA legislation (collectively "FATCA"), although there are some important distinctions.
Harneys
On Monday, 5 December, the Government announced the results of the consultation on the proposed reforms to the taxation of non-domiciles.
Harneys
Cyprus and India have signed a new double tax treaty which is expected to foster increased use of Cyprus as a gateway for investment both into and out of India.
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