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REGISTRATION FOR THE INTERNATIONAL TAX AUTHORITY (ITA) VIRTUAL SEMINAR ON THE COMMON REPORTING STANDARDS (CRS)   The registration link is now available for the International Tax Authority’s virtual seminar focused on reporting requirements under the Common Reporting Standards (CRS).  Responsible persons, service providers, tax advisors, or anyone seeking clarification about the CRS and the

International Tax Authority (ITA) To Host  Live Seminar Focused On The Common Reporting Standards (CRS) The International Tax Authority will host a live open seminar for individuals responsible for reporting under the Common Reporting Standards (CRS).  In addition to responsible persons, service providers, tax advisors, or anyone seeking clarification about the CRS and the

THE BVI FARS PAYMENT UPDATE The International Tax Authority is reminding all BVIFars portal users that the payment feature of the portal is NOT YET active. Due to the payment feature not being operational, the current payment deadline is not applicable. Please continue to fulfill your filing obligations by the deadline and disregard the

INTERNATIONAL TAX AUTHORITY (ITA) TO HOST 2ND  LIVE SEMINAR Are you a Custodial Institution, a Depository Institution, or a Specified Insurance entity subject to the reporting requirements under the Common Reporting Standards? Are you a person appointed to fulfill those obligations through the BVIFars Portal? If you’ve answered yes to these questions, join our

INTERNATIONAL TAX AUTHORITY (ITA) TO HOST LIVE SEMINAR The International Tax Authority will host its next seminars to assist persons navigating the reporting obligations under the Common Reporting Standards on June 5th, 2024.Our focus during this seminar will be on Custodial Institutions, Depository Institutions, and Specified Insurance Companies. If you are the designated individual responsible for

NOTICE FROM THE INTERNATIONAL TAX AUTHORITY UPDATE TO RULES ON ECONOMIC SUBSTANCE  The latest update from the International Tax Authority regarding the Rules on Economic Substance (v4) as of 2 April 2024, has been released. This particular update focuses on Rule 5, and notably excludes the United Arab Emirates from the list of jurisdictions without

INTERNATIONAL TAX AUTHORITY (ITA) TO HOST LIVE SEMINAR FOR CUSTODIAL ENTITIES Are you a Custodial Entity subject to the reporting requirements under the Common Reporting Standards? Are you a person appointed to fulfill those obligations through the BVIFars Portal? If you’ve answered yes to these questions, join our team on April 24, 2024 and

Establishment of Ad hoc Committees and Invitation for Expressions of Interest The International Tax Authority is pleased to announce the establishment of several Ad hoc Committees aimed at fostering collaboration between the International Tax Authority and the Industry concerning cross boarder tax matters. The following Ad hoc Committee have been formed: FATCA & CRS;