In accordance with Article 29 (2) of the Convention on Mutual Administrative Assistance in Tax Matters, as amended (the “MAAC”), the Government of the United Kingdom of Great Britain and Northern Ireland’s ratification has been extended to the British Virgin Islands on the 4th day of November, 2013.  As such the MAAC came into force in the British Virgin Islands on the 1st day of March, 2014.  The MAAC is a multi-lateral instrument that provides a single legal basis for cooperation by the BVI on a multi-lateral basis. In addition to the exchange of information upon request, it also provides a mechanism for other types of Exchange of information such as spontaneous and automatic exchange. 

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