Yes, the entity name and FI number has to be entered manually. There is no maximum amount of entities per bulk filing. The ITA recommends that where you are creating a bulk filing that this be limited to 60 entities at a time so that the system is not overwhelmed.
Yes. Once the payment portal is live full guidance on making payments will be issued and made available to all portal users.
The payment is not applied based on the filings, all registered entities must pay the annual fee.
A RFI can make a payment at any time before the due date of each filing year.
All FIs in the BVIFARs portal have a reporting obligation. Whether they have reportable accounts or not. The Mutual Legal Assistance (Tax Matters) Act, Revised Edition 2023 requires all FIs to file a report. Those FIs that have no reportable accounts will have to complete a NIL filing. As such all RFIs registered in the
Yes, there will be a bulk payment functionality for multiple FIs. For entities that were in the portal awaiting deregistration, the fee will not apply if that deregistration application was made before the end of January, 2024.
Once the payment portal is live full guidance on making payments will be issued and made available to all portal users.
No, it is not yet live. Once it becomes live an update will be provided to all users, including guidance on how payments can be made.
On or before 1 June, 2024.
The last applicable tax year of an entity that is liquidated in 2022 would be the TY ending in 2022. There is no need to file a report for 2023. You can proceed with the deregistration application once all reports have been made from registration of the entity until the last applicable tax year i.e.