Latest Treaty Updates: British Virgin Islands


Treaty Update: Japan - British Virgin Islands

24/6/2014

Japan and the British Virgin Islands signed a tax information exchange agreement on June 19, 2014.


Treaty Update: Canada - British Virgin Islands

31/3/2014

The tax information exchange agreement signed between Canada and the British Virgin Islands entered into force on March 11, 2014.


Treaty Update: British Virgin Islands - Poland

3/12/2013

The Government of the British Virgin Islands has confirmed the signature of its 25th tax information exchange agreement on November 29, 2013, with Poland.


Treaty Update: Netherlands - British Virgin Islands

17/7/2013

According to preliminary media reports, the TIEA signed between the British Virgin Islands and the Netherlands entered into force on July 1, 2013.


Treaty Update: Japan - British Virgin Islands

18/4/2013

Japan and the British Virgin Islands commenced two-day negotiations towards a Tax Information Exchange Agreement on April 18, 2013.


Treaty Update: Czech Republic - British Virgin Islands

12/3/2012

According to preliminary media reports, on February 1, 2012, the Czech Republic ratified the TIEA signed with the British Virgin Islands in June 2011.


Treaty Update: British Virgin Islands - Various

1/9/2011

The British Virgin Islands government ratified TIEAs with Aruba, the Czech Republic and India on August 22.


Treaty Update: British Virgin Islands - Czech Republic

22/6/2011

The British Virgin Islands government announced the signing of the DTA on June 14, concluded on June 13.


Treaty Update: British Virgin Islands - Czech Republic

14/6/2011

The TIEA follows OECD standards nd provides for the exchange of information by request on civil and criminal tax matters. A Protocol was also agreed to, which agrees that no prejudicial or restrictive measures will be applied to residents or nationals based on harmful tax practices.


Treaty Update: Sweden - British Virgin Islands

13/6/2011

The TIEA had been signed on May 18, 2010.


Treaty Update: India - British Virgin Islands

1/6/2011

The TIEA provides for the exchange of information, including exchange of banking and ownership informationm and past information in criminal matters.




Treaty Updates by Territory


Latest News


Colombia, Portugal Sign DTA 6/9/2010
A double taxation agreement signed between Colombia and Portugal adds to those already concluded by Colombia with Spain, Switzerland, Chile, Canada, Mexico and South Korea.

Read full story


Australia Signs Offshore Agreements 25/5/2010
The Australian government has announced that agreements for the allocation of taxing rights with the Isle of Man, Jersey and the British Virgin Islands have come into force.

Read full story


Chile Plans More Tax Agreements 30/4/2010
Chilean finance minister, Felipe Larraín, has announced that the government had begun negotiation of Tax Information Exchange Agreements with a series of low-tax jurisdictions as a way of combating tax evasion.

Read full story


NZ Emissions 'Tax' Attacked 15/3/2010
The ACT New Zealand Party, a member of the country’s present coalition government, has continued its opposition to New Zealand’s new carbon emissions trading scheme, calling it a tax that will increase inflation in the economy.

Read full story


Hong Kong Property Taxes Reviewed 16/3/2010
Hong Kong’s Financial Secretary, John C Tsang, made the traditional post-budget speech at the Joint Business Community Luncheon on March 12 and, in particular, reviewed the tax measures taken to increase the transaction cost of property speculation so as to reduce the risk of a property bubble being created.

Read full story


Malaysia Not Cancelling GST 12/3/2010
After a government meeting, Malaysia’s Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah, has rejected any suggestion that the proposed introduction of a goods and services tax has been cancelled.

Read full story


Australia Promised Full Debate On Tax Review 15/3/2010
Following indications that the Australian government was thinking of a delay to the release of the Henry tax review, the Treasurer, Wayne Swan, has now confirmed that it will be issued in good time for a full debate on any proposed tax changes.

Read full story


Orascom Loses Algerian Tax Appeal 12/3/2010
Egyptian telecom company, Orascom Telecom, has announced that its Algerian subsidiary, Orascom Telecom Algérie, has received a rejection to its appeal, made in December last year, against the notice for taxes and penalties it had received from the Algerian tax authorities the month previously.

Read full story


Switzerland, Slovakia Initial Revised DTA 12/3/2010
It has recently emerged that Switzerland and Slovakia have initialled a revised bilateral double taxation agreement, containing the Organization for Economic Cooperation and Development’s standard on tax information exchange.

Read full story


UK Budget To Hit The Rich 12/3/2010
Wealthy individuals may have less than two weeks to put plans in place to reduce the tax impact of the Chancellor’s pre-election Budget, warns PKF Accountants and business advisers.

Read full story


Jersey Riding Out Onshore Storm 15/3/2010
Jersey will overcome the evolving challenges being faced by offshore international financial centres, Geoff Cook, Chief Executive of Jersey Finance, told participants at a Breakfast Briefing in London.

Read full story


Germany Approves Liechtenstein TIEA 15/3/2010
Germany’s Cabinet has recently approved a bill pertaining to the bilateral tax information exchange agreement with Liechtenstein.

Read full story


UAE Completes VAT Study 12/3/2010
Authorities in the United Arab Emirates are inching closer to the introduction of a value-added tax.

Read full story


IRS Offers Help To Struggling Taxpayers 14/3/2010
The US Internal Revenue Service has announced several additional steps it is taking this tax season to help people having difficulties meeting their tax obligations because of unemployment or other financial problems.

Read full story


Baucus Seeks Trade Preference Reform 15/3/2010
Senate Finance Committee Chairman Max Baucus is leading efforts for reform of US trade preference programs accorded to developing countries.

Read full story


OECD Urges Fiscal Policy Shift 12/3/2010
Governments must now gear their economies towards jobs, international competitiveness and increasing the tax-take, the Organization for Economic Cooperation and Development has said in its latest ‘Going for Growth’ report, analyzing the next step for recovering economies.

Read full story


BVI To Review Taxes And Fees 15/3/2010
British Virgin Islands Prime Minister, Ralph O’Neal has said that the territory will run a budget surplus during 2010, although the government still intends to review indirect taxes and fees on financial services.

Read full story


Bahrain And UK Sign DTA 11/3/2010
The Kingdom of Bahrain’s Minister of Finance, Shaikh Ahmed bin Mohammed Al Khalifa, and UK ambassador, Jamie Bowden, signed a comprehensive double taxation agreement between the two countries in Manama on March 10.

Read full story


Australia And Chile Sign DTA 11/3/2010
Australia’s Assistant Treasurer, Nick Sherry, has announced that Australia and Chile have signed a comprehensive bilateral double taxation agreement – the second such agreement between Australia and a South American country.

Read full story


Swiss-German Tax Talks Resume 12/3/2010
During a recent visit to Berlin, Switzerland’s State Secretary Michael Ambühl, Head of the State Secretariat for International Financial Matters in the Federal Department of Finance, met with representatives of Germany's Federal Ministry of Finance and Federal Chancellery to exchange ideas on current financial and tax policy issues.

Read full story


US Senate Approves Tax Extenders Bill 12/3/2010
US Senate Finance Committee Chairman Max Baucus has applauded the Senate’s passage of legislation to extend tax cuts, unemployment insurance benefits and eligibility for unemployment benefits and health care for unemployed workers through the end of 2010.

Read full story


MEPs Push EU Tobin Tax 12/3/2010
In a recently adopted resolution, the European Parliament has emphasized the need to develop plans for a global tax to discourage excessive risk-taking by financial institutions and to ensure that the financial industry pays for damage caused by the financial crisis.

Read full story


Belgium's Kilometer Tax Opposed 11/3/2010
The Humanist group cdH of the Walloon parliament in Belgium has rejected the idea of a road tax levied per kilometre travelled, advocating instead the introduction of an inclusive road tax disc, which could then be modified to take certain environmental criteria into account.

Read full story


OECD Praises Portugal's Fiscal Plan 11/3/2010
The Organization for Economic Cooperation and Development has welcomed Portugal’s fiscal consolidation plan, emphasizing that it will serve to support growth.

Read full story


Tax Relief For California Storm Victims 11/3/2010
The State of California’s Franchise Tax Board on March 9 announced special tax relief for California taxpayers affected by the recent severe winter storms that started in January.

Read full story