BVI amends Beneficial Ownership Secure Search system to avoid blacklist

Pedro Gonçalves
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BVI amends Beneficial Ownership Secure Search system to avoid blacklist

The British Virgin Islands is implementing a raft of amendments to the Beneficial Ownership Secure Search system (BOSSs) Act to adjust to the new rules of economic substance and avoid being placed on the EU's blacklist. The territory is also increasing funding and staff to its International Tax Authority (ITA) as it deals with more requests for information relating to taxes, including the area of economic substance.  "We have been holding widespread consultations with stakeholders to ge...

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