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

Notice From The International Tax Authority Update To Rules On Economic Substance

April 8th, 2024|Categories: Notices, Press Release|

NOTICE FROM THE INTERNATIONAL TAX AUTHORITY UPDATE TO RULES ON ECONOMIC SUBSTANCE  The latest update from the International Tax Authority regarding the

Establishment of Ad hoc Committees and Invitation for Expressions of Interest

April 5th, 2024|

Establishment of Ad hoc Committees and Invitation for Expressions of Interest The International Tax Authority is pleased to announce the establishment of several Ad hoc Committees aimed at fostering collaboration between the International Tax Authority and the Industry concerning cross boarder tax matters. The following Ad hoc Committee have been formed: FATCA

International Tax Authority (ITA) To Host A Series Of Live Seminars

March 19th, 2024|

International Tax Authority (ITA) To Host A Series Of Live Seminars  The International Tax Authority is excited to announce several upcoming seminars dedicated to assisting persons navigating the reporting obligations under the Common Reporting Standards. Each seminar will be designed to focus on the different categories of entities registered in the BVI

International Tax Authority (ITA) To Host Live Seminar For Custodial Entities

March 19th, 2024|

INTERNATIONAL TAX AUTHORITY (ITA) TO HOST  LIVE SEMINAR FOR CUSTODIAL ENTITIES Join us for the 2nd Seminar in our series, hosted by the International Tax Authority. The upcoming seminar is specifically designed for Custodial Entities who are required to report under the Common Reporting Standards (CRS). If you are the designated individual

Re: Update Of CRS Categorisation In The BVIFAR Portal

March 12th, 2024|

NOTICE FROM THE INTERNATIONAL TAX AUTHORITY  Re: Update Of CRS Categorisation In The BVIFAR Portal     The International Tax Authority extends a sincere thank you to all entities with reporting obligations under the Common Reporting Standards (CRS) that have taken the initiative to update their CRS entity classification in the BVI Fars

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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