Request For Financial Period Alterations
The International Tax Authority (“ITA”) would like to remind all authorized representatives making an application to alter a legal entity’s Financial
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
Economic Substance Request email
The International Tax Authority is informing all Financial Institutions that effective November 7th, 2022 all requests relating to Economic Substance such as re-openings, financial period change requests, and responses to non-relevant activity should be sent to the email address: Compliancerequests@bviita.vg.
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 portal now scheduled to go live before the end of the 1st quarter 2023! Once the portal becomes live further details about the following will be provided: process for making payment
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 MLA requires a VIFI to provide the name, address etc. of their principal point of contact for all purposes of compliance with the standard. This person is identified as the “Primary
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) The International Tax Authority (Amendment) Act, 2022.All persons subject to the provisions of these amendments are asked to take action and ensure that they are in compliance with the amendments.Persons will