The BVI Financial Accounting Reporting System Soon To Accept Country By Country Reporting

Monday, 24 February 2020 - 9:57am

The International Tax Authority (ITA) wishes to inform BVI Constituent Entities, that are a part of a Multinational Entity (MNE) Group, as defined under section 2 of the Mutual Legal Assistance Tax Matters (Amendment) Act (No. 8 of 2018) for the Country by Country Reporting, under the Base Erosion and Profit Shifting (BEPS) Action 13, that it will soon be ready to receive filings for Country by Country Reporting in accordance with section 38 of the Act.

Government Welcomes EU Decision To Recognise The BVI As A Fully Compliant Jurisdiction

Tuesday, 18 February 2020 - 5:29pm

The Premier of the Virgin Islands has today welcomed the announcement by the European Union that the British Virgin Islands is recognised as a fully compliant jurisdiction for tax purposes.

British Virgin Islands Tax Cooperation With France Overlooked

Thursday, 9 January 2020 - 12:34pm

The Premier and Minister of Finance of the British Virgin Islands Honourable Andrew A. Fahie has today said that the good tax cooperation between the British Virgin Islands and France has been overlooked in the French Government's decision to include the jurisdiction, among others newly added, to its list of non-cooperative states and territories in tax matters.

BVI Financial Accounts Reporting System Portal Temporarily Down

Thursday, 10 October 2019 - 12:21pm

The Director of International Tax Authority Ms. La Toya James is informing members of financial institutions and other stakeholders that the BVI Financial Accounts Reporting System is not functional at this time. 

Guidance Notes For Country By Country Reporting Available

Friday, 22 February 2019 - 4:48pm

Guidance Notes to compliment the legislative changes made to the Mutual Legal Assistance (Tax Matters) Act, 2003 are now available.

Updated Guidance For Common Reporting Standards Now Available

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.

Premier Pledges Joint Approach To Secure Future Of Financial Services Sector Following EU Tax Initiative

Monday, 19 March 2018 - 4:55pm

The Government of the Virgin Islands today outlines its action plan in response to a European Union (EU) initiative that seeks to address concerns that some countries are engaging in potentially harmful tax competition with EU member states. 

BVI Updates List Of Reportable Jurisdictions

Friday, 25 August 2017 - 11:30am

The International Tax Authority is informing all BVI Financial Institutions that it has updated its list of Reportable Jurisdictions and the updated list is applicable to the reporting period January 1 to December 31, 2016.

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.