British Virgin Islands on Tax Authorities

Sophisticated international families are more than familiar with the need to structure their affairs using vehicles that are modern, flexible, and – ideally – mobile.

A recent change to the British Virgin Islands ("BVI") Rules on Economic Substance ("ES Rules")1 serves as a reminder of the need to be familiar with the BVI International Tax Authority's...

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.