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British Virgin Islands Consultation on CbC Reporting

07 October 2016

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Proposed Changes

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B Virgin Isl

The Government of the British Virgin Islands (BVI) held a consultation in September on the impact of implementing Country-by-Country (CbC) reporting. While no details on plans for implementing CbC reporting requirements have been issued, the consultation noted that if implemented, multi-national enterprises incorporated in the BVI with annual group revenues of EUR 750 million would be required to submit a report annually.