How Does It Affect BVI Investment Funds?

With a little over two months before the European Union Savings Tax Directive ("EUSD") is due to come into force across much of Europe, the Government of the British Virgin Islands has published a Guide outlining how the EUSD is to be implemented in the Territory.

The British Virgin Islands (BVI) is not a member of the European Union but along with other overseas territories and dependencies of EU member states (such as the Cayman Islands and the Netherlands Antilles) and certain other third countries (in particular, Switzerland) the BVI has agreed to implement measures to comply with the substance of the EUSD....

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