All British Virgin Islands (BVI) Financial Institutions are notified that the BVI Financial Account Reporting System (BVIFARS) is now available.
The International Tax Authority (ITA) of the Ministry of Finance of the Government of the Virgin Islands has also apologised for the interruption in service of the BVIFARS during the past week.
As it relates to the agreement between the Government of the United States of America and the Government of the British Virgin Islands to improve tax compliance and to implement FATCA (US FATCA), an extension was previously granted until Friday, June 17. Due to the interruption in service, the new reporting deadline is now Thursday, June 30.
As it relates to the agreement between the Government of the United Kingdom and the Government of the British Virgin Islands to improve international tax compliance, there will be no change to the reporting deadline as previously published. The reporting deadline for UK CDOT remains as Friday, July 29.
For more information on your reporting obligations and how to report, please visit the website: www.bvi.gov.vg/ministry-finance-international-tax-authority or www.bvi.gov.vg/fatca or contact the ITA via telephone: (284) 468-4415 or email: firstname.lastname@example.org or email@example.com.