The International Tax Authority (ITA) of the British Virgin Islands on 24 March 2017 reminded BVI financial institutions of the annual reporting obligations for the U.S. FATCA, UK CDOT and common reporting standard (CRS) regimes. The announcement provides that:
Further, the UK CDOT and CRS deadlines have been extended to 30 June 2017 for enrolment and 31 July 2017 for reporting, due to the ongoing update of the BVIFARS portal to accept CRS filings.
Read a March 2017 report [PDF 63 KB] prepared by the KPMG member firm in the British Virgin Islands
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