Regulatory Alerts2014-03-27
Mutual Legal Assistance (Tax Matters) Order, 2014
The Minister of the British Virgin Islands issued this Order to apply Part 1 of the Mutual Legal Assistance (Tax Matters) Act, 2003 to a bilateral agreement with Poland governing the exchange of tax-related information. The agreement mandates competent authorities to provide requested data on covered taxes, financial institutions, and ownership structures, while permitting cross-border tax examinations and establishing strict confidentiality and legal privilege safeguards. It encompasses personal, corporate, payroll, property, and goods and services taxes, enters into force upon mutual domestic notification, and remains effective until either party terminates it through diplomatic channels.
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