top of page
Search

Bahamas & BVI FATCA CRS Updates

  • Elizabeth A. McMorrow
  • Mar 17, 2024
  • 1 min read

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 Announced Portal Dates

The Bahamas Competent Authority announced the FATCA and CRS portal will open for FATCA and CRS registration and submissions on Monday, July 8, 2024 at 9 AM ET. The portal will close on Friday, August 23, 2024 at 5PM ET. Once the portal closes, financial institutions can contact the Bahamas Competent Authority at helpdesk@taxreporting.finance.gov.bs or information@taxreporting.finance.gov.bs.


For assistance, please contact me via my contact page or at elizabeth@elizabethmcmorrowlaw.com.

 
 
 

Recent Posts

See All
Cayman Islands CRS Updates for 2026

The Cayman Islands published updated regulations related to the Common Reporting Standard (CRS). Certain changes are effective as of January 1, 2026 while others will come into effect in subsequent ye

 
 
UK Adds Joint Account Reporting

On December 4, 2025, the United Kingdom HMRC published an update to the International Exchange of Information Manual “Reportable Information: Joint Accounts”. Commencing with reporting on Y2026 data t

 
 
Second Updated FFI List of November

The IRS issued the new monthly FFI List on November 1 for entities in approved status as of October 25. Some of you may have noticed the list was not in fact inclusive of entities through October 25.

 
 

Comments

Commenting on this post isn't available anymore. Contact the site owner for more info.

Disclaimer: The information on this website is for general informational purposes only. Nothing on this site should be taken as legal advice. The viewing of this website does not constitute an attorney-client relationship. 

Copyright  © Elizabeth A. McMorrow Law LLC.  All rights reserved.

LI-In-Bug.png

Connect on LinkedIn

bottom of page