ARTICLE
11 June 2015

US FATCA – British Virgin Islands BVIFARS Portal Deadline Extended

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.

Further information about the BVIFARS Portal is available in this April 2015 Harneys update.
British Virgin Islands Tax

The International Tax Authority of the British Virgin Islands has announced the extension of two important BVI Financial Account Reporting System (BVIFARs Portal) deadlines as follows.

(i)            The Enrolment Deadline - to 30 June 2015 (previously 1 June 2015).
(ii)           The Reporting Deadline - to 31 July 2015 (previously 30 June 2015).

Further information about the BVIFARS Portal is available in this April 2015 Harneys update.

If you have any questions in relation to the deadlines or you would like any assistance with the BVIFARs reporting requirements please contact our FATCA Practice Group.

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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