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
Fee Implementation Update
Almost there! Fee Implementation UpdateIt’s been a while since we announced the new annual fee for Financial Institutions (FI’s) enrolled in the
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
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