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BVIFARS Portal Fees to Begin September 2022!

In case you missed it, the International Tax Authority (ITA) of the British Virgin Islands (BVI) published a notice for any entities required to report under the Common Reporting Standard (CRS), Foreign Account Tax Compliance Act (FATCA), and Country-by-Country Reporting (CbCr). Beginning September 1, 2022, entities required to report under these regimes and that are enrolled in the BVIFARS Portal will be subject to an annual fee of $185. The ITA intends for these fees to cover enrolment in the portal, review, and transmission of reporting submissions to partner jurisdictions, support, and maintenance.

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BVIFARS Portal Fees to Begin September 2022!

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