Topic: Finance and Fiscal Policy, Financial Services, International Affairs (including the British Virgin Islands International Finance Centre) | Posted By: lstevens
Wednesday, 2 January 2019 - 1:44pm
Premier and Minister of Finance, Dr. the Honourable D. Orlando Smith, OBE announced that the BVI has passed important legislation which addresses the European Union’s (EU) concerns over “economic substance” and came into force from January 1, 2019.
The Government of the Virgin Islands has implemented Base Erosion and Profit Shifting (BEPS) Action 13, Country by Country Reporting by way of amendment to the Mutual Legal Assistance (Tax Matters) Act, 2003 (MLA) in section 14 of Act No. 8 of 2018 where a new Part IV has been inserted in the MLA.
In accordance with section 37(1)(a) of the Virgin Islands Constitution Order, 2007 Mr. David D. Archer, Jr. will act in the Office of the Governor with effect from Saturday, December 22 to Thursday, December 27 ......