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British Virgin Islands Issues Notice on Deadline Extension for CRS, FATCA, and CbC Reporting

29 April 2021

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Approved Changes

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B Virgin Isl

The British Virgin Islands International Tax Authority has issued a notice that the upcoming 31 May 2021 deadline for CRS and FATCA reporting obligations has been extended to 30 June 2021 due to recent technical issues with the BVIFars Portal. The extension to 30 June 2021 is also provided for CbC reporting. The notice does not clarify for which reporting years the CbC reporting extension applies, but it is assumed to include the CbC report deadlines falling after the notice, i.e., CbC reports otherwise due 30 April and 31 May 2021. --- NOTICE! The International Tax Authority (the “ITA”) wishes...