Thursday, October 14, 2010

BVI Signed Another TIEA with Portugal

Last week, another Tax Agreement was signed by the British Virgin Islands Government – this time with Portugal. So, the total number of Tax Information Exchange Agreements signed by the BVI was brought to 19.

The agreement was signed at the BVI's London Office by Deputy Premier Dancia Penn and Portugal's Secretary for Tax Affairs, Professor Sérgio Trigo Tavares Vasques.

In a joint declaration, BVI and Portugal stated that the agreement represents a milestone in relations between both countries. It is stated in the document that “Portugal and BVI have long been active in international efforts in the fight against financial crimes and each share a common commitment to develop and comply with international standards on money laundering, terrorist financing and financial regulation. The Portuguese Republic recognises the BVI Government's reputation as a constructive and co-operative member of the international community with a globally integrated and responsible finance centre.”

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