Notices

ITA Notices

International Tax Authority (ITA) To Host Live Seminar Focused On The Common Reporting Standards (CRS)

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

2024-10-04T15:40:11-04:00October 4th, 2024|Notices, Press Release|

THE BVI FARS PAYMENT UPDATE

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

2024-05-22T15:20:05-04:00May 22nd, 2024|Notices, Press Release|

International Tax Authority To Host 2nd Live Seminar

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

2024-05-07T11:14:07-04:00May 7th, 2024|Notices, Press Release|

International Tax Authority To Host Live Seminar

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

2024-04-29T14:11:33-04:00April 29th, 2024|Notices, Press Release|

Notice From The International Tax Authority Update To Rules On Economic Substance

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

2024-04-08T09:51:32-04:00April 8th, 2024|Notices, Press Release|

International Tax Authority (ITA) To Host Live Seminar For Custodial Entities

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

2024-04-08T09:46:19-04:00April 8th, 2024|Notices, Press Release|

Establishment of Ad hoc Committees and Invitation for Expressions of Interest

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;

2024-04-05T16:27:41-04:00April 5th, 2024|Notices, Press Release|

International Tax Authority (ITA) To Host A Series Of Live Seminars

International Tax Authority (ITA) To Host A Series Of Live Seminars  The International Tax Authority is excited to announce several upcoming seminars dedicated to assisting persons navigating the reporting obligations under the Common Reporting Standards. Each seminar will be designed to focus on the different categories of entities registered in the BVI Fars Portal

2024-03-19T09:48:22-04:00March 19th, 2024|Notices, Press Release|

International Tax Authority (ITA) To Host Live Seminar For Custodial Entities

INTERNATIONAL TAX AUTHORITY (ITA) TO HOST  LIVE SEMINAR FOR CUSTODIAL ENTITIES Join us for the 2nd Seminar in our series, hosted by the International Tax Authority. The upcoming seminar is specifically designed for Custodial Entities who are required to report under the Common Reporting Standards (CRS). If you are the designated individual responsible for

2024-03-19T09:43:59-04:00March 19th, 2024|Notices, Press Release|

Re: Update Of CRS Categorisation In The BVIFAR Portal

NOTICE FROM THE INTERNATIONAL TAX AUTHORITY  Re: Update Of CRS Categorisation In The BVIFAR Portal     The International Tax Authority extends a sincere thank you to all entities with reporting obligations under the Common Reporting Standards (CRS) that have taken the initiative to update their CRS entity classification in the BVI Fars portal.  Following

2024-03-12T11:35:33-04:00March 12th, 2024|Notices, Press Release|

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).

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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

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