The Government of the Kingdom of the Netherlands
and
the Government of the British Virgin Islands,
Whereas the Government of the Kingdom of the Netherlands and the Government of the British Virgin Islands (hereinafter referred to as “the Contracting Parties”) recognise that present legislation already provides for cooperation and the exchange of information in tax matters;
Whereas the Contracting Parties have long been active in international efforts in the fight against financial and other crimes, including the targeting of terrorist financing;
Whereas it is acknowledged that the Contracting Parties are competent to negotiate and conclude a tax information exchange agreement;
Whereas the British Virgin Islands on the 2nd April 2002 entered into a formal written commitment to Organisation for Economic Co-operation and Development’s (OECD) principles of transparency and exchange of information and subsequently have participated actively in the OECD Global Forum on Taxation;
Whereas the Contracting Parties wish to enhance and facilitate the implementation of the terms and conditions governing the exchange of information relating to taxes;
Now, therefore, the Contracting Parties have agreed to conclude the following Agreement which contains obligations on the part of the Contracting Parties only:
