The BVIFARs Portal fee implementation is on track for 2023. There has been a slight shift in the deadline with the portal now scheduled to go live before the end of the 1st quarter 2023! Once the portal becomes live further details about the following will be provided:
- process for making payment through the portal; and
- options available for payment
As a reminder, all relevant entities with reporting obligations are required to enrol in the BVIFARs portal to satisfy their respective obligations in relation to FATCA, CRS and CbCr.
The intended fee covers enrolment in the portal, review, and transmission of reporting submissions to partner jurisdictions, support, and maintenance.
A subsequent update will be provided closer to the implementation period.
For questions, email us at email@example.com