With the European Union Savings Tax Directive ("EUSD") due to come into force across much of Europe on 1st July 2005, the government of the BVI has published a Guide outlining how the EUSD is to be implemented in that OFC.

BVI is not a member of the European Union but along with other overseas territories and dependencies of EU member states (such as the Cayman Islands and the Netherlands Antilles) and certain other third countries (in particular, Switzerland) the BVI has agreed to implement measures to comply with the substance of the EUSD.

The US and Bermuda, alone among the UK's Overseas Territories, have not so far agreed to implement the directive.