2005 No. 1457

INCOME TAX

The Tax Information Exchange Agreement (Taxes on Income) (Virgin Islands) Order 2005 (revoked)
Made
7th June 2005
At the Court at Buckingham Palace, the 7th day of June 2005Present,The Queen’s Most Excellent Majesty in Council
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Citation
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Declaration about exchange of information
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SCHEDULE
PART I

AGREEMENT ON THE TAXATION OF SAVINGS INCOME BETWEEN THE GOVERNMENT OF THE BRITISH VIRGIN ISLANDS AND THE GOVERNMENT OF THE UNITED KINGDOM
WHEREAS:
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Article 1

Definitions
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Article 2

Withholding of Tax by Paying Agents
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Article 3

Reporting of Information by Paying Agents
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Article 4

Exceptions to the Withholding Tax Procedure
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Article 5

Basis of assessment for withholding tax
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Article 6

Definition of “beneficial owner”
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Article 7

Identity and residence of beneficial owners
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Article 8

Definition of “paying agent”
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Article 9

Definition of “interest payment”
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Article 10

Withholding Tax Revenue sharing
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Article 11

Elimination of double taxation
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Article 12

Transitional provisions for negotiable debt securities
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Article 13

Mutual agreement procedure
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Article 14

Confidentiality
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Article 15

Transitional Period
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Article 16

Entry into force
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Article 17

Termination
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Article 18

Application and suspension of application
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ANNEX

LIST OF RELATED ENTITIES REFERRED TO IN ARTICLE 12
For the purposes of Article 12, the following entities will be considered to be a “related entity acting as a public authority or whose role is recognised by an international treaty”:

Entities within the European Union:
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Belgium
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Spain
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Greece
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France
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Italy
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Latvia
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Poland
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Portugal
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Slovakia
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International Entities:
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Entities in third countries:
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PART II

Exchange of Notes

Note from Her Majesty’s Government
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Reply from the Government of the British Virgin Islands
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Order revoked (1.1.2024) by Retained EU Law (Revocation and Reform) Act 2023 (c. 28), ss. 1(1), 22(3), Sch. 1 Pt. 1 (with s. 1(3)(4)); S.I. 2023/1363, reg. 2