BVI Implements Base Erosion And Profit Shifting Action 13

Friday, 21 December 2018 - 5:12pm

The Government of the Virgin Islands has implemented Base Erosion and Profit Shifting (BEPS) Action 13, Country by Country Reporting by way of amendment to the Mutual Legal Assistance (Tax Matters) Act, 2003 (MLA) in section 14 of Act No. 8 of 2018 where a new Part IV has been inserted in the MLA.  

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BVI Financial Reporting System Updated For Enrolments

Thursday, 27 April 2017 - 2:59pm

BVI Financial Institutions (BVIFIs) are being informed that the BVI Financial Account Reporting System (BVIFARS) will be offline on Friday, April 28.

BVI Financial Institutions Reminded Of Reporting Obligations

Friday, 24 March 2017 - 4:55pm

BVI Financial Institutions (BVIFIs) are reminded of their annual reporting obligations for US FATCA, UK CDOT and CRS. 

Update On The BVI Financial Account Reporting System

Tuesday, 31 January 2017 - 4:43pm

The International Tax Authority (ITA) is informing the BVI Financial Account Reporting System users that the system will not be available until February 15.

Updated 2016 Reporting Deadlines For US Fatca And UK CDOT

Friday, 17 June 2016 - 3:30pm

All British Virgin Islands (BVI) Financial Institutions are notified that the BVI Financial Account Reporting System (BVIFARS) is now available. 

BVI Extends US FATCA Reporting Deadlines Until June 17

Wednesday, 1 June 2016 - 11:45am

The statutory deadline of Tuesday, May 31 for US FATCA reporting obligations under the agreement between the Government of the United States of America and the Government of the British Virgin Islands to improve tax compliance and to implement FATCA has been extended to Friday, June 17.

Extension Of Reporting Deadline For UK CDOT Or UK FATCA Filings

Friday, 1 April 2016 - 1:00pm

BVI Financial Institutions (BVIFIs) are notified that the BVI Financial Account Reporting System (BVIFARS) will be ready to accept UK CDOT or UK FATCA filings by Monday, May 2. 

BVI Financial Institutions Reminded Of FATCA Reporting Obligations

Thursday, 10 March 2016 - 9:00am

The Government of the Virgin Islands remains committed to ensuring that financial institutions in the Territory adhere to established international standards. 

BVI Issues FATCA Self-Certification Form Templates

Thursday, 2 July 2015 - 9:30am

The Government of the Virgin Islands, through the BVI International Tax Authority of the Ministry of Finance is informing the public that a template has been prepared for the Self Certification Forms required under the United States of America and United Kingdom FATCA Agreements.