Establishment of Ad hoc Committees and Invitation for Expressions of Interest (2024-04-05)

Summary

The BVI International Tax Authority (ITA) has announced the creation of several Ad hoc Committees intended to improve collaboration between the ITA and industry on cross-border tax matters. The notice invites interested individuals to submit expressions of interest to join one or more of these committees.

• Committees formed: FATCA and CRS; Economic Substance; Country by Country Reporting; and General and emerging cross-border tax matters
• Purpose: Committee members will have the opportunity to weigh in on legislative reform and implementation of relevant standards in the Virgin Islands
• How to apply: Submit an expression of interest by email to info@bviita.vg with subject line 'Ad hoc Committee Expression of Interest', including a brief statement of background, areas of expertise, and preferred committee

This is a purely informational and participatory invitation rather than a binding regulatory requirement; it creates no compliance obligations for regulated entities.

Deadlines

• Friday, May 31st, 2024: Deadline to submit expressions of interest to join an Ad hoc Committee