Virgin Islands Financial Institutions (VIFIs) under the Common Reporting Standards (CRS) and Virgin Islands Constituent Entities (VICEs) for Country by Country Reporting (CBCR) are notified that the BVI Financial Account Reporting System (BVIFARS) is still in the process of being updated.
Topic: International Tax, Statutory Bodies | Posted By: aphillip
Friday, 22 February 2019 - 4:33pm
The International Tax Authority (ITA) is advising the BVI Financial Services Industry that Guidance Notes to compliment the legislative changes made to the Mutual Legal Assistance (Tax Matters) Act, 2003 by way of Act No. 8 of 2018 is now available.