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10/11/2019 02:26:00 PM

Rules on Economic Substance in the Virgin Islands

The Rules under the Economic Substance (Companies and Limited Partnership) Act, 2018 (the “Act”) have now been issued and published. Please find attached the cover note from the International Tax Authority (ITA) as well as the final Rules.
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The British Virgin Islands Association of Compliance Officers (“BVI ACO”) aims to foster a culture of compliance in the jurisdiction. It is the BVI ACO’s ultimate goal to contribute to the reputation of the British Virgin Islands as a highly attractive and regulated international financial centre.

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