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
Technical Difficulties
The International Tax Authority (“ITA”) is informing all users of the BVI Financial Account Reporting System, (“BVIFARS”), that it is aware
Portal Online -New Tin Update to BVIFARs Live
The ITA wishes to inform FI’s that the BVIFARs portal updates have been completed with respect to the “ISSUED BY” option in special circumstances where a TIN is not available. FI’s with FATCA reporting obligations can now access the Portal and report accounts for an account holder that is not assigned a TIN,
Tax Identification Number (TIN) Update
Tax Identification Number (TIN) Update The International Tax Authority (ITA) wishes to remind all Financial Institutions (FI’s) that mandatory TIN information in filings was implemented for 2020 reporting year and onwards. If a FI made a filing without a TIN, but rather, inserted any one of the IRS acceptable sequential codes such as
Fees Coming Soon
The International Tax Authority is informing all relevant entities who are required to report under the Common Reporting Standards (CRS), Foreign Account Tax Compliance Act (FATCA), and Country-by-Country Reporting (CbCr), that in the near future, the International Tax Authority intends to introduce in reference to each entity enrolled in the BVIFARS Portal an
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