Barbados has been removed from the European Union’s list of non-cooperative jurisdictions and Dominica has been added.
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Lowtax.net News: BVI Reaffirms Tax Transparency Commitment
The Government of the British Virgin Islands has reiterated its commitment to working toward establishing a publicly accessible register on the beneficial ownership of companies.
Lowtax.net News: BVI To Launch FinTech ‚Sandbox‘
The British Virgin Islands Financial Services Commission has announced that it will launch its new FinTech Regulatory „Sandbox“ on August 31.
Lowtax.net News: BVI Issues Statement On CRS Compliance Amid COVID-19
The British Virgin Islands International Tax Authority has issued a statement on the due diligence obligations required of financial institutions in relation to the Common Reporting Standard.
Lowtax.net News: BVI Explains Economic Substance Requirements During COVID-19 Outbreak
The British Virgin Islands‘ International Tax Authority has provided guidance on how companies can meet the economic substance rules during the coronavirus outbreak.
Lowtax.net News: Belize Removed From EU’s Tax Blacklist
The EU has removed Belize from its list of non-cooperative tax jurisdictions and Macedonia from its „grey list.“
Lowtax.net News: Progress Being Made On Closing ‚Harmful‘ Tax Regimes: OECD
The OECD has issued another update on jurisdictions‘ progress to amend their preferential tax regimes to remove harmful elements under the OECD base erosion and profit shifting Action Plan minimum standard on harmful tax regimes (Action 5).
Lowtax.net News: EU Removes Three Territories From Tax Blacklist
The European Council has confirmed that Aruba, Barbados, and Bermuda are to be removed from the EU’s list of non-cooperative tax jurisdictions.
Lowtax.net News: BVI Sets Deadlines For CbC, FATCA, CRS Filing Obligations
The British Virgin Islands has set out the deadlines for certain submissions required from financial institutions under the OECD’s Common Reporting Standard, the US Foreign Account Tax Compliance, and the territory’s country-by-country reporting framework.
Lowtax.net News: BVI Supporting Firms To Comply With Economic Substance Code
The British Virgin Islands financial services promotional agency BVI Finance has held educational sessions on the new draft Economic Substance Code in the BVI, London, and Hong Kong.