Press Releases
Entry into Force of the Tax Information Exchange Agreement between the Government of Japan and the Government of the British Virgin Islands
1. On September 11, 2014, the Government of Japan received the notification from the Government of the British Virgin Islands, informing the completion of its internal procedures necessary for the entry into force of “the Agreement between the Government of Japan and the Government of the British Virgin Islands for the Exchange of Information relating to Tax Matters” (Tax Information Exchange Agreement between the Government of Japan and the Government of the British Virgin Islands, signed on June 18, 2014). The Government of Japan has already sent its notification for the same effect to the Government of the British Virgin Islands. Accordingly, this Agreement will enter into force on October 11, 2014.
2. This Agreement provides a detailed mechanism for the exchange of tax information between Japan and the British Virgin Island, with a view to preventing cross-border fiscal evasion and tax abuse. It is also expected to contribute to expanding the international information exchange network aiming at the prevention of cross-border fiscal evasion and tax abuse.