BRITISH VIRGIN ISLANDS - Mossack Fonseca & Co.

Exemptions
from tax. Cap.
206
Cap. 212
149
(3) Where, pursuant to subsection (1) or (2), the Commission has
published an approved form with respect to a document to be filed,
issued or produced under this Act or the Regulations, the document
shall
(a) be in the form of, and contain the information specified in, the
approved form; and
(b) have attached to it such documents as may be specified by the
approved form.
242. (1) Notwithstanding any provision of the Income Tax Ordinance
(a) a company,
(b) all dividends, interest, rents, royalties, compensations and other
amounts paid by a company, and
(c) capital gains realised with respect to any shares, debt
obligations or other securities of a company,
are exempt from all provisions of the Income Tax Ordinance.
(2) No estate, inheritance, succession or gift tax is payable with respect
to any shares, debt obligations or other securities of a company.
(3) Subject to subsection (4), notwithstanding any provision of the Stamp
Act,
(a) all instruments relating to transfers of property to or by a
company,
(b) all instruments relating to transactions in respect of the shares,
debt obligations or other securities of a company, and
(c) all instruments relating to other transactions relating to the
business of a company,
are exempt from the payment of stamp duty.
(4) Subsection (3) does not apply to an instrument relating to
(a) the transfer to or by a company of an interest in land situate in
the Virgin Islands; or
(b) transactions in respect of the shares, debt obligations or other
AE/ET/Pub./bg/03.2007