British Virgin Islands: Deployment of payment module and new CRS form on BVIFARS portal

Announcement of deployment of payment module on BVIFARS portal, which was initially scheduled for January 2024

Share
April 11, 2025

The tax authority of the British Virgin Islands (BVI) on April 8, 2025, announced the deployment of payment module on the BVIFARS portal, which was initially scheduled for January 2024. Read TaxNewsFlash

Reporting financial institutions under FATCA and common reporting standard (CRS) are reminded to enroll in the BVIFARS portal to comply with their reporting obligations. Notably, to retain access to the portal, all enrolled reporting financial institutions must pay an annual fee of $185 by June 1 each year.

New CRS form

The BVI tax authority also announced the availability of the new CRS additional information form on the BVIFARS portal. In addition, the filing guide has been issued, noting that both reporting financial institutions and non-reporting financial institutions are required to complete the new CRS form annually within nine months from the end of each financial period (December 31), with penalties for late filings. Entities seeking extensions to this deadline must contact the tax authority compliance team at compliance@bviita.vg.

Read an April 2025 report prepared by the KPMG member firm in the British Virgin Islands

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP\'s . Privacy Statement

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline