Almost there! Fee implementation Update
The BVIFARs Portal fee implementation is on track for 2023. There has been a slight shift in the deadline with the
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) of the
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, 2022; and2)
BVIFARS Online: For version 2.0 XML Schema filings
The International Tax Authority (the “ITA”) wishes to inform all Virgin Islands Financial Institutions (“VIFI’s”) and Constituent Entities that the British Virgin Islands Financial Account Reporting system (“BVIFARs”) is now accessible. All VIFI’s and constituent entities are reminded of the filing deadlines. They are as follows: For Foreign Account Tax Compliance Act (“FATCA”)
BVIFARS Offline: Update to Version 2.0 Schema
The International Tax Authority (the “ITA”) wishes to inform all Virgin Islands Financial Institutions and Constituent Entities that the British Virgin Islands Financial Account Reporting system (“BVIFARs”) is still under maintenance in preparation to accommodate the OECD’s new version 2.0 schema. As mentioned in the 29 December 2020 Notice, configuration will be
BVIFARS Offline: Update to Version 2.0 Schema
The International Tax Authority (the “ITA”) wishes to inform all reporting entities and constituent entities that the British Virgin Islands Financial Account Reporting system (“BVIFARs”) will be under maintenance in preparation to accommodate the OECD’s new version 2.0 schema. BVIFARs will be offline and therefore inaccessible from 31st December 2020 to 7th January
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