On 21 June 2000, the Government of Japan gave notice to the UK Government of its termination of the Territorial extension to the British Virgin Islands and Montserrat under the 1962 Convention between Japan and the UK. Termination is to be effective on 1 January 2001.
By way of background, the British Virgin Islands currently has two remaining double tax agreements, with Japan and Switzerland respectively. These are extensions of former UK treaties. The 1962 United Kingdom - Japan Treaty was extended to the British Virgin Islands to be retroactively effective from 1 January 1963. The 1954 United Kingdom - Switzerland Treaty was extended to be retroactively effective from 1 January 1961.
As of 1 January 2001, only the treaty with Switzerland will remain in force.
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