ITA
Compliance deadlines
Filing and fee deadlines drawn from Virgin Islands International Tax Authority's own published instruments — each row links the instrument it comes from.
Deadlines are extracted and curated from the source instruments and human-reviewed, but instruments change and transitional rules apply — always verify against the linked instrument and the regulator's own site before relying on a date. This page is not legal advice.
Recurring obligations
| Deadline | Action required | Applies to | Source instrument |
|---|---|---|---|
| Within one month after the end of the calendar year | Furnish the annual tax certificate to employees and file the annual return with the Commissioner. | employers | Income Tax Ordinance (CAP. 206) |
| On or before 30 April following the year of becoming a Virgin Islands Financial Institution | Register with the Competent Authority as a newly-qualifying Virgin Islands Financial Institution | Virgin Islands Financial Institutions | Mutual Legal Assistance (Tax Matters) (Amendment) Act, 2018 (No. 8 of 2018) |
| By 31 May of the year following the relevant calendar year | File the electronic annual CRS return of Reportable Account information with the Competent Authority. | Reporting Financial Institutions | No. 17 of 2015 Mutual Legal Assistance (Tax Matters) (Amendment) (No. 2) Act, 2015, No. 17 of 2015 – Mutual Legal Assistance (Tax Matters) (Amendment) (No. 2) Act, 2015 |
| On or before 31 May each year | File the annual CRS return (or a nil return) with the Competent Authority for the preceding calendar year | Reporting Financial Institutions, Virgin Islands Financial Institutions | Mutual Legal Assistance (Tax Matters) (Amendment) Act, 2018 (No. 8 of 2018), SI. 44 of 2015 – Mutual Legal Assistance (Tax Matters) Order, 2015 |
| On or before 31 May each year (following the calendar year to which the return relates) | File the annual CRS return, or a nil return if there are no reportable accounts, with the Competent Authority. | Reporting Financial Institutions, Virgin Islands Financial Institutions | No. 8 of 2018 – Mutual Legal Assistance (Tax Matters) (Amendment) Act, 2018 |
| On or before 1 June each year | Pay the annual BVIFARS fee of $185 to the International Tax Authority. | relevant entity (entities required to be enrolled in BVIFARS) | Mutual Legal Assistance (Tax Matters) (Fees) Order, 2024 |
| On or before 30 June each year | Prepare and submit the Authority's annual report to the Board. | Director of the Authority | International Tax Authority Act (Revised Edition 2020) |
| By 30 April of the first calendar year after becoming a Virgin Islands Financial Institution | Register with the Competent Authority as a new Virgin Islands Financial Institution. | Virgin Islands Financial Institutions | No. 8 of 2018 – Mutual Legal Assistance (Tax Matters) (Amendment) Act, 2018 |
| By the fifteenth of the month following the month of deduction | Pay over to the Commissioner the tax deducted from employees' remuneration. | employers | Income Tax Ordinance (CAP. 206) |
| No later than 12 months after the last day of the reporting fiscal year of the MNE Group | File Country-by-Country (CbCr) reports via the BVIFARS online portal using the OECD version 2.0 XML Schema. | Constituent Entities | BVIFARS Online: For version 2.0 XML Schema filings (2021-02-12) |
| No later than the last day of the Reporting Fiscal Year | Register with the Competent Authority as a Constituent Entity of an MNE Group under Part IV | Constituent Entities of MNE Groups | Mutual Legal Assistance (Tax Matters) (Amendment) Act, 2018 (No. 8 of 2018) |
| No later than the last day of the Reporting Fiscal Year of the MNE Group | Register with the Competent Authority as a Constituent Entity for Country-by-Country reporting purposes. | Constituent Entities of MNE Groups | No. 8 of 2018 – Mutual Legal Assistance (Tax Matters) (Amendment) Act, 2018 |
| Within 12 months after the last day of the Reporting Fiscal Year | File the Country-by-Country report with the Competent Authority. | Constituent Entities of MNE Groups, MNE Groups, Multinational enterprise group entities subject to Country-by-Country reporting, Ultimate Parent Entities | No. 8 of 2018 – Mutual Legal Assistance (Tax Matters) (Amendment) Act, 2018, Unofficial Consolidation of the Mutual Legal Assistance (Tax Matters) Act, 2003 |
| Within 12 months of the last day of the Reporting Fiscal Year | File the country by country report in the OECD standard template format with the Competent Authority | Constituent Entities of MNE Groups | Mutual Legal Assistance (Tax Matters) (Amendment) Act, 2018 (No. 8 of 2018) |
| Within 6 months of the end of the financial period | File the Economic Substance declaration with the ITA via VIRRGIN within six months of the end of the financial period. | corporate and legal entities (companies and limited partnerships) subject to the Economic Substance regime, registered agents filing on behalf of entities | VIRRGIN ES TRANSACTIONS (2026-02-05) |
| Within 9 months following the end of the relevant financial year | File the CRS Additional Information Form with the ITA via the BVIFARs portal. | Virgin Islands Financial Institutions (VIFIs) | Guidance Notes on the Common Reporting Standard (CRS) |
| Within 9 months of the end of each financial period | File the Additional Information Form (RFI or NRFI version) in BVIFARs alongside your CRS filings. | Financial Institutions with CRS obligations, Non-Reporting Financial Institutions (NRFIs), Reporting Financial Institutions (RFIs) | Guide to Completing the Additional Information Forms |