Regulatory Alerts2015-08-19
Mutual Legal Assistance (Tax Matters) (Amendment of Schedule 1) Order, 2015
The British Virgin Islands Minister of Finance issued this Order to amend Schedule 1 of the 2013 Mutual Legal Assistance (Tax Matters) Order. The amendment inserts Articles 5A and 5B into the bilateral tax information exchange agreement with Guernsey, establishing formal frameworks for automatic and spontaneous data transmission between competent authorities. These provisions empower the parties to define exchangeable information items and procedures, while permitting mutual agreement on additional mechanisms for tax-related disclosures.
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