Regulatory Alerts2013-07-10
Mutual Legal Assistance (Tax Matters) Order, 2013
The Minister of the Virgin Islands issued this 2013 Order to apply Part 1 of the Mutual Legal Assistance (Tax Matters) Act, 2003 to two international agreements concerning tax information exchange. The Order formally incorporates the bilateral pacts with Guernsey and Canada, establishing standardized procedures for requesting and providing tax-related data, designating competent authorities, and mandating strict confidentiality. It enables both jurisdictions to effectively administer domestic tax laws, conduct cross-border examinations, and safeguard information while preventing discriminatory or prejudicial tax measures.
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