Fee Implementation Update

Wednesday, 18 May 2022 - 11:51am

The International Tax Authority is informing all relevant entities utilizing the BVIFars Portal that the intended annual fee for use of the portal, will be implemented later this year and not September 1, 2022, as previously stated.

International Tax Authority to Introduce Portal Fees September 1

Friday, 11 February 2022 - 3:50pm

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 effective September 1, 2022, the International Tax Authority intends to introduce in reference to each entity enrolled in the BVIFars Portal an annual fee of $185.

BVI Premier Reiterates Territory’s Commitment To An Appropriate Framework For Publicly Accessible Registers

Tuesday, 22 September 2020 - 12:15pm

Premier and Minister of Finance of the British Virgin Islands (BVI), Honourable Andrew A. Fahie, has reiterated the support of the Territory’s Government for working with the United Kingdom Government (UKG) towards implementation of a publicly accessible register of beneficial ownership for companies, “in line with international standards and best practices as they develop globally,” with certain reservations.

BOSSs Portal Update

Friday, 4 September 2020 - 4:52pm

The International Tax Authority (“ITA”) is pleased to notify all Registered Agents (“RAs”) of the latest release of the BOSS(ES) portal, which provides additional functionality to the ITA. For RAs requiring change(s) to previously submitted declarations, we are now able to reopen the filed declarations.

International Tax Authority Remains Closed

Thursday, 13 August 2020 - 9:23am

The public is informed that the International Tax Authority will be closed until further notice as they are still in the process of relocating.

BVI Beneficial Ownership Secure Search System Is Best-In-Class

Wednesday, 15 July 2020 - 9:49am

The Beneficial Ownership Secure Search system (BOSSs) continues to place the Virgin Islands on the cutting edge of beneficial ownership information exchange with the capability of responding to requests in real time.

Boss(Es)S Portal Has Gone Live!

Friday, 26 June 2020 - 5:32pm

The International Tax Authority (ITA) is informing all Registered Agents (RA’s) and Legal Entities with reporting obligations under the Economic Substance (Companies and Limited Partnerships) Act, 2018 and the Beneficial Ownership Secure Search System Act, 2017 that the Economic Substance Portal as integrated with the Beneficial Ownership Secure Search system (“BOSS(ES)s”) has gone live from today  June 12.

International Tax Authority Launches Website

Friday, 19 June 2020 - 2:03pm

Continuing with its vision to lead through the Territory’s compliance with international standards on transparency and exchange of information for tax purposes by delivering services that create value for all stakeholders, the International Tax Authority  (ITA) announces the launch of its new website, https://bviita.vg/.

BVIFARS & Deadlines Update - 20 April 2020

Monday, 20 April 2020 - 10:05am

On 18th March 2020, the International Tax Authority (ITA) via a Press Release activated its Business Continuity Plan (BCP) considering the Global Pandemic.

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Update On Economic Substance During Covid-19 Pandemic

Friday, 27 March 2020 - 10:49am

The International Tax Authority has provided further particulars that are to be borne in mind with respect to Economic Substance following the press release issued by the International Tax Authority (ITA) on March 18:

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