News Stories Tagged 'British Virgin Islands'
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BVI Reaffirms Tax Transparency Commitment
by Mike Godfrey, Lowtax.net, Washington
29 September, 2020
The Government of the British Virgin Islands has reiterated its commitment to working toward establishing a publicly accessible register on the beneficial ownership of companies.
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BVI To Launch FinTech 'Sandbox'
by Mike Godfrey, Lowtax.net, Washington
21 August, 2020
The British Virgin Islands Financial Services Commission has announced that it will launch its new FinTech Regulatory "Sandbox" on August 31.
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BVI Issues Statement On CRS Compliance Amid COVID-19
by Mike Godfrey, Lowtax.net, Washington
15 May, 2020
The British Virgin Islands International Tax Authority has issued a statement on the due diligence obligations required of financial institutions in relation to the Common Reporting Standard.
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BVI Explains Economic Substance Requirements During COVID-19 Outbreak
by Mike Godfrey, Lowtax.net, Washington
15 April, 2020
The British Virgin Islands' International Tax Authority has provided guidance on how companies can meet the economic substance rules during the coronavirus outbreak.
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Progress Being Made On Closing 'Harmful' Tax Regimes: OECD
by Ulrika Lomas, Lowtax.net, Brussels
25 July, 2019
The OECD has issued another update on jurisdictions' progress to amend their preferential tax regimes to remove harmful elements under the OECD base erosion and profit shifting Action Plan minimum standard on harmful tax regimes (Action 5).
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BVI Sets Deadlines For CbC, FATCA, CRS Filing Obligations
by Mike Godfrey, Lowtax.net, Washington
31 May, 2019
The British Virgin Islands has set out the deadlines for certain submissions required from financial institutions under the OECD's Common Reporting Standard, the US Foreign Account Tax Compliance, and the territory's country-by-country reporting framework.
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BVI Supporting Firms To Comply With Economic Substance Code
by Mike Godfrey, Lowtax.net, Washington
10 May, 2019
The British Virgin Islands financial services promotional agency BVI Finance has held educational sessions on the new draft Economic Substance Code in the BVI, London, and Hong Kong.
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Cayman Considering Legal Challenge To UK Beneficial Ownership Law
by Mary Swire, Lowtax.net, Hong Kong
14 June, 2018
Cayman Premier Alden McLaughlin met with lawyers in London on Monday to discuss the territory's constitutional relationship with the UK in light of UK legislation forcing the territory to set up a publicly accessible register on the beneficial ownership of legal entities.
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British OTs Must Introduce Public Beneficial Ownership Registers
by Mike Godfrey, Lowtax.net, Washington
04 June, 2018
The UK's 14 Overseas Territories must bring in publicly accessible registers concerning the beneficial ownership of legal entities or face having them imposed by the UK, following Royal Assent to the UK Sanctions and Anti-Money Laundering Act 2018 on May 23, 2018.
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BVI Planning Challenge To UK's Beneficial Ownership Law
by Mike Godfrey, Lowtax.net, Washington
04 June, 2018
The Premier of the British Virgin Islands, Orlando Smith, says his Government has appointed legal counsel to advise on a potential challenge to the UK's move to force its Overseas Territories to set up publicly accessible registers containing information on the beneficial ownership of legal entities.
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