New Government Shares Vision With Financial Services Industry

Friday, 22 March 2019 - 5:25pm

Premier and Minister of Finance, Honourable Andrew A. Fahie shared his Government’s vision when he met with officials from the BVI’s financial services industry at the BVI Finance Breakfast Forum yesterday, March 21.

Open Conversation On Rising Insurance Premiums In The BVI

Thursday, 21 March 2019 - 3:29pm

“Seek First to Understand, then be Understood” – the key quote which has driven MONEY MATTERS BVI (the financial literacy program at the BVI Financial Services Commission (BVI FSC)) to try to help residents become more informed consumers when it comes to insurance products - this time, through a Forum on Rising Insurance Premiums scheduled for 28 March 2019 from 6:15 – 8:00 p.m. at the BVI FSC Training Centre, Pasea Estate, Tortola.

BVI Finance Welcomes EU Decision Not To Include BVI On List Of Non-Cooperative Jurisdictions

Tuesday, 12 March 2019 - 4:06pm

BVI Finance today welcomed the European Union’s recognition of the BVI as a cooperative jurisdiction as it has delivered on its commitment relating to economic substance as defined by the EU.

Statement By Honourable Andrew Fahie On EU List Of Non-Cooperative Jurisdictions

Tuesday, 12 March 2019 - 2:28pm

Ladies and Gentlemen of the Virgin Islands,  I am pleased to report to you that the European Union has announced today that it recognises the BVI as compliant with its fair taxation principles as well as being a cooperative jurisdiction.

Statement On The UK Financial Services Bill Postponement By Premier And Minister Of Finance The Honourable Andrew A. Fahie

Friday, 8 March 2019 - 4:39pm

Last Friday, I brought to the attention of the people of the Virgin Islands a new development in the UK Parliament which sought to amend the Financial Services (Implementation of Legislation) Bill on public registers of beneficial ownership.  

BVI Limited Partnership Formations Increase 200% Quarter-On-Quarter

Friday, 22 February 2019 - 5:06pm

The number of businesses and individuals registering Limited Partnerships in the British Virgin Islands (BVI) increased by 200% between Q2 and Q3 2018, as the Territory’s new partnership provisions came into full effect.

Guidance Notes For Country By Country Reporting Available

Friday, 22 February 2019 - 4:48pm

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

Mrs. Lorna Smith OBE Steps Down As Interim Executive Director

Friday, 15 February 2019 - 11:31am

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.

Legislation Passed To Address EU Economic Substance Concerns

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.

BVI Implements Base Erosion And Profit Shifting Action 13

Friday, 21 December 2018 - 5:12pm

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.  

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