As of the 9th July, 2012 the ITA has been designated to perform the functions of the Authority under section 4(1) of the Mutual Legal Assistance (Tax Matters) Act, 2003. The ITA in performing these functions is responsible for dealing with all practical aspect of TIEA requests.The ITA has also been charged with the responsibility of negotiating TIEA agreements with potential treaty partners to ensure that the Virgin Islands is fully compliant with the standards of transparency and exchange of information for tax purposes. The ITA is also charged with the responsibility of developing the framework within the Virgin Islands for the effective exchange of information.

Current agreements are found below.

 Australia--British Virgin Islands
 British Virgin Islands--United States 
 Canada--British Virgin Islands
 China--British Virgin Islands 
 Czech Republic--British Virgin Islands
 Denmark--British Virgin Islands
 Faroes--British Virgin Islands
 Finland--British Virgin Islands
 France--British Virgin Islands
 Germany--British Virgin Islands 
 Greenland--British Virgin Island 
 Guernsey-British Virgin Islands
 Guide To International Tax Authority 
 Iceland--British Virgin Islands
 India--British Virgin Islands
 Ireland--British Virgin Islands
 Japan--British Virgin Islands
 Netherlands Antilles--British Virgin Islands
 Netherlands--British Virgin Islands
 New Zealand--British Virgin Islands
 Norway--British Virgin Islands 
 Poland--British Virgin Islands
 Sweden-British Virgin Islands
 Tax Information Exchange Agreement
 United Kingdom--British Virgin Islands