On October 23, 2025, the BVI International Tax Authority (ITA) issued a notice related to Common Reporting Standard (CRS) and the Crypto Asset Reporting Framework (CARF). BVI CRS 2.0 is effective starting January 1, 2026 with reporting on CRS 2.0 due May 2027. Additionally, BVI CARF exchange commitment commences in 2028. Below is the content of the BVI ITA notice. "The Virgin Islands intends to introduce CRS 2.0 with effect from 1st January, 2026. These means that by the end

The previously announced British Virgin Islands International Tax Authority (BVI ITA) Financial Account Reporting System (BVIFARS) payment system is finally live. The US$185.00 portal fee must be paid by June 1 annually through the BVIFARS portal. Who Does the Fee Apply to? The fee will be charged for each entity which is required under BVI law to register in BVIFARS. Entities register in BVIFARS to comply with BVI reporting under the Common Reporting Standard (CRS), Foreign

The British Virgin Islands International Tax Authority (BVI ITA) posted the video from its live June 5, 2024 program for custodial institutions, depository institutions, and specified insurance companies subject to the Common Reporting Standard (CRS). The 45-minute video covers CRS filing requirements, CRS financial institution deactivation, and the BVIFARS payment portal. To watch on the BVI ITA website: https://bviita.vg/library/ita-webinar-5-june-24/ Also included on this

BVI Posted CRS Video The British Virgin Islands International Tax Authority (BVI ITA) posted the video from its live February 2024 program for investment entities subject to the Common Reporting Standard (CRS). The almost 2-hour video covers CRS due diligence procedures and reporting trust accounts, CRS filing requirements, CRS financial institution deactivation, and the BVIFARS payment portal. To watch on the BVI ITA website: https://bviita.vg/library/webinar/ Bahamas Announ