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News2024-03-11T09:35:49-04:00

INCORRECT FINANCIAL PERIODS IN VIRRGIN ES

June 17th, 2026|

FOR IMMEDIATE RELEASE INCORRECT FINANCIAL PERIODS IN VIRRGIN ES Tortola, BVI – 15 June, 2026 The International Tax Authority (ITA) is informing all Registered Agents that it is aware of issues related to previously approved financial period changes during the transition from Boss(es) to VIRRGIN ES platform. These concerns include incorrect financial

Economic Substance Suspended Late Penalties

May 19th, 2026|

The International Tax Authority ("ITA") is providing an update to the Industry following the transition to the Virtual Integrated Registry Regulatory General Information Network ("VIRRGIN"). System users continue to experience various technical and system errors that are affecting the submission of declarations and financial period alterations. The most recent errors relate specifically

PHISHING SCAM

January 22nd, 2026|

Tortola, BVI – 22 January, 2025 PHISHING SCAM Please be advised that we have identified a phishing scam involving at least one email address impersonating to be from the International Tax Authority (ITA). The suspicious emails come from addresses that end with .vg.co. These emails may appear to be legitimate but are

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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