British Virgin Islands Introduces New Requirements for Entities to Establish and Maintain Adequate Systems and Controls for Ensuring Compliance

The Government of the British Virgin Islands has published a release from the International Tax Authority on amendments to the Mutual Legal Assistance (Tax Matters) Act and amendments to the International Tax Authority Act, including new requirements for entities to establish and maintain adequate systems and controls for ensuring compliance.

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ITA Act Amendment and MLA Amendment

The International Tax Authority (ITA) is pleased to announce the amendments entitled:

1. The Mutual Legal A…