Base Erosion and Profit Shifting (BEPS) relates to instances where the interaction of different tax rules leads to arrangements used to achieve no or low taxation by shifting profits away from the jurisdictions where the activities creating those profits takes place.
As a Member of the Inclusive Framework on BEPS, the Virgin Islands has committed to implement the minimum standards one of which is BEPS Action 13 on Transfer Pricing Documentation and Country – By – Country Reporting.
To implement the CbCR in the domestic laws of the Virgin Islands, the Government of the Virgin Islands has amended the Mutual Legal Assistance (Tax Matters) Act, 2003
For additional information and latest events concerning BEPS please visit the OECD's website
To access the BVI Country by Country Reporting Guidance Click Here.
To access the Template for BVI Letters of Authorisation for CbCR Primary User Click Here.
To access the Excel Template for the Information to be provided by Constituent Entities of MNE Groups upon registration for CbCR Click Here.