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Following a meeting of the Council of the European Union on 14 February 2023, the British Virgin Islands (BVI) has been added to the EU list of non-cooperative tax jurisdictions (Annex I). In a statement, the EU Council found that the BVI was not sufficiently in compliance with the OECD standard on exchange of information on request (criterion 1.2). It also noted that this is the first time the BVI has been included in the list.

Excerpt from the Speech from the Throne Delivered by His Excellency the Governor Mr. John J. Rankin, CMG at the First Sitting of the Fifth Session of the House of Assembly in the context of "Resilience, Revenue, Reform, and Recovery: The Virgin Islands in Transition.

This week a panel of tax experts shared their views on the OECD ‘Pillar Two’ and the resulting global corporate minimum tax rate, at a BVI Finance webinar. The webinar, ‘Taxing Times: What’s Next for Pillar Two and the Minimum Global Corporation Tax Rate’, was joined by panellists Oliver Cooper, Tax Consultant at Charles Russell Speechlys LLP; La Toya James, Director of the BVI International Tax Authority; Mark Pragnell, Director Pragmatix Advisory Limited; and Geoff Cook, Geoff Cook Adviso...

Premier Dr. the Honourable Natalio Wheatley hosted a Financial Services Roundtable in London where more than two dozen Financial Services London Circle practitioners attended to discuss various topics related to the legislative reform for the BVI’s financial services industry. 

With a fast approaching deadline of January 31, overseas entities holding UK properties are being encouraged to register beneficial owners or managing officers with Companies House.

At a recent BVI Finance Breakfast Forum, Oliver Cooper, Counsel to the IFC Forum and Policy Lead at Charles Russell Speechlys LLP, provided an overview of the European Court of Justice’s (ECJ) decision on public registers, current international standards and shared possible outcomes.