The British Virgin Islands International Tax Authority has issued a notice regarding the update of the British Virgin Islands Financial Account Reporting system from OECD schema version 1.0 to version 2.0, which applies for both Country-by-Country (CbC) reporting and Common Reporting Standard (CRS) reporting. --- BVIFARS Offline: Update to Version 2.0 Schema The International Tax Authority (the "ITA") wishes to inform all reporting entities and constituent entities that the British Virgin Islands Financial Account Reporting system ("BVIFARs") will be under maintenance in preparation to accommodate the OECD's new version 2.0 schema. BVIFARs will be offline and therefore inaccessible from 31st...