The British Virgin Islands and the EU List of Non-Cooperative Tax Jurisdictions

The EU has announced it is has added the British Virgin Islands (BVI) to its list of non-cooperative jurisdictions for tax purposes.  The BVI Government has since issued a statement highlighting that it has already introduced legislation to address the EU Council's concerns but the legislative changes, which came into effect in January, were not recognised in the most recent OECD peer review rating. The BVI has requested a supplementary review to more accurately reflect the current legislative status with a view to having the BVI removed from the list as soon as possible.

The inclusion of the BVI will have limited or no direct immediate consequences for investors or institutions using BVI structures. Please click the button below to read our full advisory note.

 

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BRITISH VIRGIN ISLANDS
Matthew Cowman Managing PartnerT +1 284 852 2208matthew.cowman@walkersglobal.com
Iona WrightSenior CounselT +1 284 852 2233iona.wright@walkersglobal.com
Hannah SagalaTeam Manager, Corporate ServicesT +1 284 542 2286hannah.sagala@walkersglobal.com
Nicholas QuinManaging Director, AmericasT +1 345 914 4295nicholas.quin@walkersglobal.com

CAYMAN ISLANDS
Lucy FrewPartnerT +1 345 814 4676lucy.frew@walkersglobal.com
Andrew HowarthPartnerT +1 345 814 4561andrew.howarth@walkersglobal.com
Steven ManningChief Executive Officer – WPST +1 345 814 7612steven.manning@walkersglobal.com
Nicholas QuinManaging Director, AmericasT +1 345 914 4295nicholas.quin@walkersglobal.com
Dorothy ScottManaging Director, AmericasT +1 345 914 4202dorothy.scott@walkersglobal.com

DUBAI
Daniel WoodManaging PartnerT +971 4 363 7912daniel.wood@walkersglobal.com

HONG KONG
Colm DawsonPartnerT +852 2596 3357colm.dawson@walkersglobal.com

LONDON
Jack BoldarinManaging PartnerT +44 (0)20 7220 4995jack.boldarin@walkersglobal.com
Sara HallPartnerT +44 (0)20 7220 4975sara.hall@walkersglobal.com

SINGAPORE
John RogersManaging PartnerT +65 6595 4673john.rogers@walkersglobal.com

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