Anyone who receives a request for information under one of the EOI rules within the BVI must carefully consider different competing interests: on the one hand, he should carefully consider whether he is subject to an obligation of confidentiality with regard to the information to be disclosed and, if so, whether it is a simple fishing exercise. Types of schemes Automatic exchange system On request Exchange of information CommentAry The agreement will provide the tax authorities of the countries concerned, upon request, with information on tax matters, if sufficient concrete evidence is available for the commission of tax crime. It was signed by O`Neal and French Budget Minister Eric Woerth, who commented that the signing of the agreement was “further evidence of the British Virgin Islands` willingness to implement the OECD`s principles of transparency and exchange of information”, adding that it would have “a positive impact on the British Virgin Islands with regard to the application of specific French tax rules”. on the basis of a criterion for the effective exchange of information. For the 2008/2009 income year, investors residing in information exchange countries may, as a transitional measure, claim a deduction for expenses related to the funds. The net amount is taxed at 22.5%. Residents of other countries are subject to a 30% tax. The agreement was ratified by the BVI government in September 2011 along with agreements with Aruba and the Czech Republic. residents of “countries of exchange of information” are subject to withholding tax at the following rates: 22.5% for payments of funds made between 1 July 2008 and 30 June 2009; 15% (final) for payments of funds made between 1 July 2009 and 30 June 2010; and 7.5% (final) for payments of funds as of July 1, 2010. Legal systems may also choose to use the text of the articles of the Model Protocol if they wish to include in a new TIEA the provisions on the automatic and spontaneous exchange of information. This agreement, published in April 2002, is not a binding instrument, but includes two model bilateral agreements.
A large number of bilateral agreements have been based on this agreement (see below). Information on the automatic exchange of information can be found in the Tax Information Exchange Agreements with Bermuda (TIEA) concerning the exchange of information on request concerning a specific criminal or civil tax investigation or civil tax matters under investigation.  A TIEA model has been developed by the OECD Global Forum Working Group on Effective Exchange of Information. . . .