Boss(Es)S Portal Has Gone Live!

Friday, 26 June 2020 - 5:32pm

The International Tax Authority (ITA) is informing all Registered Agents (RA’s) and Legal Entities with reporting obligations under the Economic Substance (Companies and Limited Partnerships) Act, 2018 and the Beneficial Ownership Secure Search System Act, 2017 that the Economic Substance Portal as integrated with the Beneficial Ownership Secure Search system (“BOSS(ES)s”) has gone live from today  June 12.

International Tax Authority Launches Website

Friday, 19 June 2020 - 2:03pm

Continuing with its vision to lead through the Territory’s compliance with international standards on transparency and exchange of information for tax purposes by delivering services that create value for all stakeholders, the International Tax Authority  (ITA) announces the launch of its new website, https://bviita.vg/.

BVIFARS & Deadlines Update - 20 April 2020

Monday, 20 April 2020 - 10:05am

On 18th March 2020, the International Tax Authority (ITA) via a Press Release activated its Business Continuity Plan (BCP) considering the Global Pandemic.

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Update On Economic Substance During Covid-19 Pandemic

Friday, 27 March 2020 - 10:49am

The International Tax Authority has provided further particulars that are to be borne in mind with respect to Economic Substance following the press release issued by the International Tax Authority (ITA) on March 18:

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International Tax Authority Maintains Functionality During Covid-19

Thursday, 19 March 2020 - 10:45am

The International Tax Authority (“ITA”) following the announcement made by the Government is activating its business continuity plan during the coronavirus (COVID-19) pandemic. As a result, the ITA expects to maintain its operational frameworks and meet its international obligations. Confidentiality and data safeguards remain critical for the ITA’s functioning and strict security measures will continue to apply to all remote working.

The BVI Financial Accounting Reporting System Soon To Accept Country By Country Reporting

Monday, 24 February 2020 - 9:57am

The International Tax Authority (ITA) wishes to inform BVI Constituent Entities, that are a part of a Multinational Entity (MNE) Group, as defined under section 2 of the Mutual Legal Assistance Tax Matters (Amendment) Act (No. 8 of 2018) for the Country by Country Reporting, under the Base Erosion and Profit Shifting (BEPS) Action 13, that it will soon be ready to receive filings for Country by Country Reporting in accordance with section 38 of the Act.

Government Welcomes EU Decision To Recognise The BVI As A Fully Compliant Jurisdiction

Tuesday, 18 February 2020 - 5:29pm

The Premier of the Virgin Islands has today welcomed the announcement by the European Union that the British Virgin Islands is recognised as a fully compliant jurisdiction for tax purposes.

British Virgin Islands Tax Cooperation With France Overlooked

Thursday, 9 January 2020 - 12:34pm

The Premier and Minister of Finance of the British Virgin Islands Honourable Andrew A. Fahie has today said that the good tax cooperation between the British Virgin Islands and France has been overlooked in the French Government's decision to include the jurisdiction, among others newly added, to its list of non-cooperative states and territories in tax matters.

BVI Financial Accounts Reporting System Portal Temporarily Down

Thursday, 10 October 2019 - 12:21pm

The Director of International Tax Authority Ms. La Toya James is informing members of financial institutions and other stakeholders that the BVI Financial Accounts Reporting System is not functional at this time. 

Guidance Notes For Country By Country Reporting Available

Friday, 22 February 2019 - 4:48pm

Guidance Notes to compliment the legislative changes made to the Mutual Legal Assistance (Tax Matters) Act, 2003 are now available.

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