Virgin Islands government has signed a Tax Information Exchange agreement (TIEA), with the government of Japan.
Premier and Minister of Finance of the British Virgin Islands (BVI) Dr. Orlando Smith, signed the agreement with Keiichi Hayashi, Japanese Ambassador to the UK 18 June at the Japanese embassy in London.
Smith said: “The agreement shows the BVI remains a constructive partner with governments across the globe. The TIEA provides a basis that will strengthen the relationship between Japan and the British Virgin Islands.”
The TIEA will allow exchange of information by request on criminal and other tax matters.
The Organisation for Economic Cooperation and Development developed the TIEA.
The BVI has signed 26 TIEAS with Ireland, the Netherlands, Australia, Cucarcao and India amongst other countries and states.
