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

Establishment of Ad hoc Committees and Invitation for Expressions of Interest

April 5th, 2024|Categories: Notices, Press Release|

Establishment of Ad hoc Committees and Invitation for Expressions of Interest The International Tax Authority is pleased to announce the establishment

BVI FARS Payment Update

March 5th, 2024|

NOTICE FROM THE INTERNATIONAL TAX AUTHORITY REGARDING  THE BVI FARS PAYMENT UPDATE    The International Tax Authority has received numerous inquiries regarding making payments through the BVI Fars portal.  We had initially aimed to go Live with the payment component in January 2024, but due to unforeseen circumstances, the deployment of the

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

February 22nd, 2024|

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 fulfill those obligations through the BVIFars Portal? Join our team as they provide an overview of: the new payment component

Request For Financial Period Alterations

January 25th, 2024|

The International Tax Authority (“ITA”) would like to remind all authorized representatives making an application to alter a legal entity’s Financial Period (except its first financial period) that they should be guided by the requirements of Rule 18 of the Rules on Economic Substance. The application should be made by way of

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

January 22nd, 2024|

Are you an Investment Entity subject to the reporting requirements under the Common Reporting Standards? Are you a person appointed to fulfill those obligations through the BVIFars Portal? As a responsible person reporting in the BVIFars Portal, you must stay up to date with the ever-evolving regulatory landscape, and we understand that

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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