The British Virgin Islands International Tax Authority (ITA) issued a notice on 11 February 2022 announcing that effective 1 September 2022, the ITA intends to introduce an annual fee of USD 185 for entities enrolled in the BVIFars Portal, which is used for FATCA, CRS, and CbC reporting.
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Notice
The International Tax Authority is informing all relevant entities who are required to report under the Common Reporting Standards (CRS), Foreign Account Tax Compliance Act (FATCA), and Coun…