News

Press Releases, Latest News, Updates

News2024-03-11T09:35:49-04:00

TEMPORARY ACCESS TO VIRRGIN LITE FOR ECONOMIC SUBSTANCE FILINGS

July 15th, 2026|

FOR IMMEDIATE RELEASE TEMPORARY ACCESS TO VIRRGIN LITE FOR ECONOMIC SUBSTANCE FILINGS Tortola, BVI – 15 JULY 2026 The International Tax Authority (ITA) advises Registered Agents (RAs) that VIRRGIN Lite is now accessible to facilitate the filing of Economic Substance (ES) declarations for the June 2025 and December 2025 financial periods. VIRRGIN

UPDATE ON VIRRGIN ECONOMIC SUBSTANCE PLATFORM

July 13th, 2026|

FOR IMMEDIATE RELEASE UPDATE ON VIRRGIN ECONOMIC SUBSTANCE PLATFORM Tortola, BVI – 13 JULY 2026 Economic Substance Bulk Filing Update In our communication dated 19 May 2026, the International Tax Authority (“ITA”) advised that it was working with the developers to resolve technical and system errors affecting the submission of declarations. We

INCORRECT FINANCIAL PERIODS IN VIRRGIN ES

June 17th, 2026|

FOR IMMEDIATE RELEASE INCORRECT FINANCIAL PERIODS IN VIRRGIN ES Tortola, BVI – 15 June, 2026 The International Tax Authority (ITA) is informing all Registered Agents that it is aware of issues related to previously approved financial period changes during the transition from Boss(es) to VIRRGIN ES platform. These concerns include incorrect financial

Economic Substance Suspended Late Penalties

May 19th, 2026|

The International Tax Authority ("ITA") is providing an update to the Industry following the transition to the Virtual Integrated Registry Regulatory General Information Network ("VIRRGIN"). System users continue to experience various technical and system errors that are affecting the submission of declarations and financial period alterations. The most recent errors relate specifically

BVI Financial Account Reporting System

The International Tax Authority has created a web-based portal to provide a secure environment for BVI Financial Institutions to satisfy their obligations under the Agreement between the Government of the British Virgin Islands and the Government of the United States of America to Improve Tax Compliance via the Foreign Account Tax Compliance Act (US FATCA), the Agreement between the Government of the British Virgin Islands and the Government of the United Kingdom to Improve International Tax Compliance (UK CDOT) and the Arrangement under the Common Reporting Standards (CRS).

Enrol or Login

Quick Links

BVI and US FATCA – Competent Authority Agreement BVI and UK CDOT – Competent Authority Agreement BVI and Guernsey – Competent Authority Agreement BVI and Isle of Man – Competent Authority Agreement CRS Multilateral Competent Authority Agreement

Subscribe To ITA News & Notices


Go to Top