Search
  • Elizabeth A. McMorrow

BVI Portal Schedule Update

The British Virgin Islands (BVI) International Tax Authority (ITA) announced scheduled interruptions to its BVI Financial Account Reporting system (BVIFARs). The reason for the disruptions is system changes to accommodate the Common Reporting Standard (CRS) version 2.0 schema.


  • Offline: December 31, 2020 through January 7, 2021.

  • Online: January 8, 2021 through January 13, 2021.

  • Potential access interruptions: January 16, 2021 – February 5, 2021.


Please note that if you do not complete outstanding CRS reporting in the BVI portal by January 13, 2021, you must use the version 2.0 schema.


Jurisdictions around the world will be updating their systems to accommodate the CRS version 2.0 schema so filers should check the target jurisdiction’s portal maintenance schedule to determine whether to use version 1.0 or 2.0 schema.


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


#BVI #CRS

Recent Posts

See All

Are You Screening for Politically Exposed Persons?

I am excited to be a frequent contributor to the Boston Women in Finance (BWF) blog. Keep an eye out for my monthly posts. I highly recommend BWF to women in the Boston area who have a professional in

Cayman Portal Deadline & Penalties Update

The Cayman Islands Department for International Tax Cooperation (DITC) issued an Updates Bulletin dated December 10, 2020 with a number of important updates. Problems with the Portal & Flexible Deadli

RO Certs Due December 15, 2020

The IRS issued a reminder today re: FATCA RO certifications. "For the certification period ending December 31, 2019 (generally entities that were initially approved in 2016), FATCA Responsible Officer

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