Spontaneous exchange of information is the provision of information to another contracting party that is forseeably relevant to that other party and that has not been previously requested. Because of its nature, spontaneous exchange of information relies on the active participation and co-operation of local tax officials (e.g. tax auditors, etc). Information provided spontaneously is usually effective since it concerns particulars detected and selected by tax officials of the sending country during or after an audit or other type of tax investigation. Economic Substance is the only spontaneous exchange of information arrangement the Virgin Islands has agreed to implement.

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