Local Filings

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The International Tax Authority (“ITA”) is informing the public that under the International Tax Authority (Amendment) Act, 2023 (“ITA Act”) local companies can now make an application of exclusion directly to the ITA. Under the ITA Act:

“local company” means any company or limited partnership who is resident for tax purposes in the Virgin Islands and receives a certificate of exclusion from the Authority under section 27;

“resident for tax purposes” means any company, entity or person who can demonstrate to the Authority that they have no tax liabilities arising outside of the Virgin Islands;”

Companies that fall into the category above are required to make the application and upload the relevant supporting documents at https://bviita.vg/local-filing-application/

A certificate will then be issued by the ITA, confirming exclusion from reporting obligations under the Mutual Legal Assistance Legislation (which includes reporting for economic substance).

For queries, email us at localfilings@bviita.vg.

admin2023-10-31T13:21:07-04:00October 31st, 2023|Notices, Press Release|

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).