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.
The International Tax Authority (ITA) of the British Virgin Islands has released templates for Individual and Entity Self-Certification Forms under US and UK FATCA. Copies can be found on the BVI Government's website.
The International Tax Authority (ITA) of the British Virgin
Islands has released templates for Individual and Entity Self-Certification Forms
under US and UK FATCA. Copies can be found on the BVI
Government's website.
The templates have been issued to assist BVI Reporting Financial
Institutions (FFIs) – they can be used in order to complete
the due diligence on account holders. There is, however, no
requirement to use the template and FFIs may prefer to use their
own self-certification forms.
A key component of the FFIs' due diligence obligations will
be to rely on the self-certification of its account holders. Such
self-certification may be required in the context of existing
account holders and shall be required in the context of any new
account holders.
The latest development comes following the
recent announcement that the effective deadline for BVI
Reporting Financial Institutions has been put back to 31 July
2015.
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.
