International Tax Authority (ITA) To Host Live Seminar For Investment Entities
Are you an Investment Entity subject to the reporting requirements under the Common Reporting Standards? Are you a person appointed to
The BVI FARS Payment Portal Will Be Going Live Soon!!!
The International Tax Authority is pleased to announce that the BVIFars payment portal will Go Live in January 2024!!! As a
Local Filings
The International Tax Authority (“ITA”) is informing the public that under the International Tax Authority (Amendment) Act, 2023 (“ITA Act”) local
BVIFARS Onfline
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 currently online. We sincerely apologized for any inconvenience caused during the period when the portal was offline. For further information, questions or concerns
BVIFARS Offline
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 currently offline. We are cognizant of filing deadlines such as correction that must be made and as such, this will be considered when
FATCA Mandatory Tax Identification Number (TIN) Update
The International Tax Authority (the “ITA”) wishes to inform all Financial Institutions (“FI’s”) with Foreign Account Tax Compliance Act (“FATCA”) reporting obligations, that the U.S Tax Identification Number (TIN) information is mandatory for ALL reportable accounts and must be included in FATCA reports. Please note that the mandatory TIN information is applicable
Offices Closed to the Public
The International Tax Authority would like to inform the public that due to the rise in Covid-19 cases in the Territory, effective from July 8th, 2021, our office will be closed to the public until further notice. Any information to be submitted including responses in relation to EOIR or Economic Substance should