Legislation

Legislationadmin2025-01-06T08:38:30-04:00

ITA Act 2020

The Unofficial Consolidation of the International Tax Authority Act

The International Tax Authority (Amendment) Act, 2023 (No. 17 of 2023)
International Tax Authority (Amendment) Act, 2022 (No. 3 of 2022)

International Tax Authority Act (Revised Edition 2020)

International Tax Authority (Administrative Penalties) Regulation 2023

Agreements

Agreements

Multilateral Competent Authorities Agreement (CRS)
Bilateral Competent Authority Agreement (CRS)
Multilateral Competent Authorities Agreement (CBCr)
Bilateral Competent Authority Agreements (CBCr)
- Isle of Man
- United Kingdom
Convention on Mutual Administrative Assistance in Tax Matters – “MAAC”
- Jurisdictions Participating in the MAAC
List of Tax Information Exchange Agreement signed by the Government of the Virgin Islands

MLA

The Mutual Legal Assistance Tax Matters Act – “MLA”

The Unofficial Consolidation of the Mutual Legal Assistance (Tax Matters) Act

Mutual Legal Assistance (Tax Matters) (Amendment 2022)

Mutual Legal Assistance (Tax Matters) Act (Revised 2020)

Mutual Legal Assistance (Tax Matters) (Fees) Order, 2024

CRS

Common Reporting Standard – “CRS”

FATCA

Foreign Accounts Tax Compliance Act – “FATCA”

Action 5 (Economic Substance)

Action 5 – Harmful Tax Practices (Economic Substance)

Action 13 (CbCr)

Action 13 – Transfer Pricing Documentation and Country-by-Country Reporting

Action 14 (Dispute Resolution Mechanism)

Action 14 – Improving the Effectiveness of Dispute Resolution Mechanism

- Income Tax Act(CAP 206)
- Map Guidance

The International Tax Authority has created a web-based portal to provide a secure environment for BVI Financial Institutions to satisfy their obligations under the Agreement between the Government of the British Virgin Islands and the Government of the United States of America to Improve Tax Compliance via the Foreign Account Tax Compliance Act (US FATCA), the Agreement between the Government of the British Virgin Islands and the Government of the United Kingdom to Improve International Tax Compliance (UK CDOT) and the Arrangement under the Common Reporting Standards (CRS).