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Tax information exchange: an overview
Aristodemou Loizides Yiolitis LLC
  • Private Client & Offshore Services
  • British Virgin Islands
  • January 25 2018

The BVI tax information exchange system is largely modelled on international principles developed by the Organisation for Economic Cooperation and Development and is split into two types of regime. The 'automatic' exchange of information regime requires financial institutions to exchange formulistic data about the accounts of foreign taxpayers, while the 'on request' regime deals with specific and potentially in-depth investigations into the affairs of named taxpayers with offshore or international holdings.

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