top of page
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.


#BritishVirginIslands #CRS

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