top of page
Search
  • Elizabeth A. McMorrow

BVI Announces FATCA/CRS Registration Fees

On February 11, 2022, the British Virgin Islands International Tax Authority (BVI ITA) announced it will be establishing a registration fee of US$185.00 effective September 1, 2022. The fee will be charged for each entity which is required under BVI law to register in the BVI Financial Account Reporting System (BVIFARS).


Entities register in BVIFARS to comply with BVI reporting under the Common Reporting Standard (CRS), Foreign Account Tax Compliance Act (FATCA) and Country-by-Country Reporting (CbCr). The US$185.00 fee will cover registration in the BVIFARS portal, review, and transmission of reporting submissions to partner jurisdictions, support, and maintenance.


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


#BritishVirginIslands #FATCA #CRS #Registration

Recent Posts

See All

The Bahamas Competent Authority announced the FATCA and Common Reporting Standard (CRS) portal will open for FATCA and CRS registration and submissions on Friday, July 14, 2023 at 9 AM ET. The portal

Guernsey Revenue Service issued a bulletin covering upcoming FATCA and Common Reporting Standard (CRS) deadlines and requirements. Mandatory Registration for All FIs Any Guernsey financial institution

The U.S. Internal Revenue Service (IRS) updated the tax identification number (TIN) codes to be used in Y2022 FATCA reporting when certain Model 1 Foreign Financial Institutions (FFIs) have been unabl

bottom of page