Guidance Notes to compliment the legislative changes made to the Mutual Legal Assistance (Tax Matters) Act, 2003 are now available.

Chairman of BVI Finance Robert Briant has paid tribute to the outgoing head of BVI Finance Mrs. Lorna Smith, OBE following her “immense contribution” to the jurisdiction’s financial services sector over the years.

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.  

Siobhan Flax of the British Virgin Islands London Office was elected to the 2018/2019 Executive Committee of Young Diplomats in London (YDL).  

Premier and Minister of Finance, Dr. the Honourable D. Orlando Smith, OBE announced today that the BVI Government has responded constructively to the European Union’s listing exercise and will take all reasonable steps to address EU concerns relating to ‘economic substance’. 

Premier and Minister of Finance, Dr. the Honourable D. Orlando Smith, OBE will attend a number of high level meetings in London this week as he continues to promote the role of the BVI within the global economy.

Mrs. Sherri Ortiz-Fahie has been confirmed to the post of Interim Director of the BVI House Asia (Hong Kong Office), effective October 1.

Premier and Minister of Finance, Dr. the Honourable D. Orlando Smith, OBE, will be leading a  2-week trade mission to Africa in November.

Premier, Dr. the Honourable D. Orlando Smith, OBE has today announced that the Government is preparing its submission to the UK Parliamentary Foreign Affairs Select Committee Inquiry on the future of the UK’s Overseas Territories (OTs).