ARTICLE
25 March 2024

BVI ITA Releases A Notice On Temporary Delay In BVI FARs Payment Portal Deployment

H
Harneys

Contributor

Harneys is a full-service offshore law firm offering expert legal advice on the laws of jurisdictions including the British Virgin Islands, Cayman Islands, Luxembourg, and more. Established in 1960, the firm has grown to 11 global locations with over 180 lawyers, serving top law firms, financial institutions, investment funds, and high-net-worth individuals. Harneys provides comprehensive legal support across transactional, contentious, and private client matters, often in collaboration with Harneys Fiduciary, which delivers corporate and wealth management services. Known for its role in shaping offshore jurisprudence, the firm also advises on legislative developments and excels in handling complex cross-border transactions and disputes.

Despite initial plans to launch the payment component in January 2024, unforeseen circumstances have led to a delay in its deployment. During this period, users are urged...
British Virgin Islands Tax

On 5 March 2024, the BVI International Tax Authority (ITA) issued a notice regarding the BVI FARs payment portal, addressing concerns and inquiries raised by users.

Despite initial plans to launch the payment component in January 2024, unforeseen circumstances have led to a delay in its deployment. During this period, users are urged to continue fulfilling their filing obligations as usual and to disregard any payment notifications until further notice.

Once the payment portal is live, the ITA will provide a comprehensive user guide detailing the payment process.

The ITA's press release can be found here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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