Fee Implementation Update
Almost there! Fee Implementation UpdateIt’s been a while since we announced the new annual fee for Financial Institutions (FI’s) enrolled in the
Tax Identification Number (TIN) Update
On December 30th, 2022, the United States Internal Revenue Service (“IRS”) released Notice 2023-11 (the “2023 Notice”) for foreign financial institutions (“FFI”)
Updated Economic Substance Rules
The International Tax Authority (“ITA”) is pleased to announce that the updated Rules about the Economic Substance requirements under the Economic Substance
Economic Substance Request email
The International Tax Authority is informing all Financial Institutions that effective November 7th, 2022 all requests relating to Economic
Almost there! Fee implementation Update
The BVIFARs Portal fee implementation is on track for 2023. There has been a slight shift in the deadline
Reminder to all Virgin Islands Financial Institutions (VIFI)
The International Tax Authority would like to remind all Virgin Islands Financial Institutions (VIFI) of the following: “Section 28(2)(c)
ITA Act Amendment and MLA Amendment
The International Tax Authority (ITA) is pleased to announce the amendments entitled:1) The Mutual Legal Assistance (Tax Matters) (Amendment) Act,