Press Release

The Organisation for Economic Co-Operation and Development (“OECD”) has completed amendment to the Common Reporting Standards (“CRS”). The CRS law was implemented in the Virgin Islands in 2015 with the effective date being 1st January, 2016. The Virgin Islands, as an early adopted, exchanged financial account information under CRS in September 2017. The new

The British Virgin Islands International Tax Authority (BVIITA) is informing users of the BVI Financial Account Reporting Systems (BVIFARS) of the following: ISSUES WITH MAKING PAYMENTS VIA CREDIT CARDS Users of the BVIFars portal who are currently experiencing difficulties making bulk payments via credit card or are unable to complete the payment transaction using

Dear Users, We’re pleased to inform you that payment functionality on the BVIFars portal has been fully restored. You may now proceed with transactions as usual. We appreciate your patience during the recent interruption and thank you for your continued support. If you encounter any issues, please don’t hesitate to contact us at info@bviita.vg.

Dear Users, The BVIFars portal is currently unable to accept payments due to a technical issue. Our team is actively working to resolve the problem and restore payment functionality as quickly as possible. We apologize for any inconvenience this may cause and appreciate your patience and understanding during this time. Further updates will be

The International Tax Authority is pleased to announce that as part of ongoing efforts to improve user experience and expand accessibility, secondary users are now able to make payments on the BVIFARS portal.Previously, only primary users were authorized to initiate transactions. With this new enhancement, secondary users can now access and complete payment filings securely

Exciting news from the International Tax Authority! The BVIFars payment portal is now Live and ready for use. As a reminder, all relevant entities with reporting obligations under FATCA, CRS, and CbCr are required to enrol in the BVIFars portal to fulfill their reporting obligations. Each enrolled entity is required to pay an annual

BVI ITA Issues Warning About Phishing Email The International Tax Authority (ITA) is aware of a phishing email falsely claiming to be from the ITA and sent via Dropbox DocuSend from the email address reporting@bviita.com labeled BVI ITA Report. We want to assure the public that the ITA has not sent any emails through

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