Regulatory AlertsInternational Tax Authority Act (Revised 2020)
The Government of the Virgin Islands enacted this revised legislation to establish a dedicated body corporate, the International Tax Authority, responsible for administering cross-border tax obligations and mutual legal assistance. The Act transfers existing statutory powers to the Authority, mandates a governing Board and an appointed Director for day-to-day operations, and empowers the body to issue guidelines, collect fees, and ensure compliance with international tax standards. It further establishes the Authority’s financial framework, grants immunity and confidentiality protections to its officers, and provides for staff secondments, annual reporting, and tax exemptions to facilitate efficient administration.
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