Further to our previous
bulletin, following the Notification Ceremony on 11
September the Tax Information Exchange Agreement (TIEA) between the
Government of Japan and the Government of the British Virgin
Islands will come into effect on 11 October 2014.
Following the coming into force of the TIEA both Japan and the
British Virgin Islands can exchange information in relation to tax
matters within the framework of the TIEA once a request has been
made to one party by the other party. The TIEA enables the relevant
tax authorities in both Japan and the British Virgin Islands to
have greater ability to exchange information relating to tax
purposes in accordance with internationally agreed standards set by
the Organisation For Economic Co-Operation and Development.
More from the Government of the Virgin Islands can be found here.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
