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BVIFARs Offline for Maintenance

The International Tax Authority (ITA) wishes to inform all Virgin Islands Financial Institutions (VIFI’s) and all Constituent Entities with reporting obligations, that the BVI Financial Account Reporting System (BVIFARs) will be offline and therefore inaccessible from Wednesday 11th November 2020 to Friday 13th November 2020 for maintenance purposes. Thanking you in advance for your patience

2020-11-11T12:21:45+00:00November 11th, 2020|News, Notices, Press Release|

BOSSs Portal Update

The International Tax Authority (“ITA”) is pleased to notify all Registered Agents (“RAs”) of the latest release of the BOSS(ES) portal, which provides additional functionality to the ITA. For RAs requiring change(s) to previously submitted declarations, we are now able to reopen the filed declarations. You may make your appeal known by sending an email

2020-09-22T19:45:01+00:00September 22nd, 2020|Press Release|

BVIFARs Online

The International Tax Authority (ITA) wishes to inform all Virgin Islands Financial Institutions (VIFI’s) and all Constituent Entities with reporting obligations, that the BVI Financial Account Reporting system (BVIFARs) is back online effective Tuesday 01st September 2020. All VIFI’s should note that filings for CRS (where extensions were previously granted upon receipt of valid reasons)

2020-09-01T13:59:40+00:00September 1st, 2020|News, Press Release|

BVIFARs Offline

The International Tax Authority (ITA) wishes to inform all Virgin Islands Financial Institutions (VIFI’s) that the BVI Financial Account Reporting system (BVIFARs) remains offline due to the relocation process of our office. In this regard, the ITA is cognizant that Financial Institutions may have attempted to file submissions via BVIFARs and was unsuccessful.  Therefore, please

2020-08-25T16:26:22+00:00August 25th, 2020|News, Notices, Press Release|

Closure & Relocation Of ITA

The International Tax Authority is informing the public that the office will be closed from August 6th to 14th, 2020, as it prepares to relocate. Regular operating hours will resume at Peace House, located on Pickering Road, from August 17th, 2020. Due to the relocation, the BVIFars portal will be inaccessible after July 31st, 2020.

2020-07-27T19:15:34+00:00July 27th, 2020|News, Notices, Press Release|

BOSS(ES)s PORTAL HAS GONE LIVE!

The International Tax Authority (the “ITA”), wishes to inform all Registered Agents (“RA’s”) and Legal Entities with reporting obligations under the Economic Substance (Companies and Limited Partnerships) Act, 2018 and the Beneficial Ownership Secure Search System Act, 2017 that Economic Substance Portal as integrated with the Beneficial Ownership Secure Search system (“BOSS(ES)s”) has gone live

2020-07-23T13:37:32+00:00June 26th, 2020|Press Release|

Updates to BVIFars

The International Tax Authority is informing Entities that with the recent updates to the BVIFARS, users can now update necessary information via BVIFARS such as changing the details of the primary user or deregistering an entity. Additionally, Entities that are required to report for Country-by-Country (Constituent Entities that are UPE or SPE and are resident

2020-06-24T18:55:43+00:00June 24th, 2020|Press Release|

ITA Extends Enrollment & Filing Deadline

On 18th March 2020, the International Tax Authority (ITA) via a Press Release activated its Business Continuity Plan (BCP) considering the Global Pandemic.  As the ITA is still obliged to comply with its international obligations, by the required deadlines; the deadlines for enrolment and filing with regards to FATCA and CRS were not adjusted (i.e.

2020-04-20T15:04:51+00:00April 20th, 2020|Press Release|

Press Release Covid-19

The International Tax Authority (“ITA”) following the announcement made by the Government is activating its business continuity plan during the coronavirus (COVID-19) pandemic. As a result, the ITA expects to maintain its operational frameworks and meet its international obligations. Confidentiality and data safeguards remain critical for the ITA’s functioning and strict security measures will continue

2020-03-23T13:08:26+00:00March 18th, 2020|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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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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