Economic Substance Request email (2022-11-07)

Summary

This is a short administrative notice from the BVI International Tax Authority (ITA) announcing a new dedicated email address for handling certain Economic Substance related requests. It does not change any substantive economic substance obligations, only the correct channel for submitting specific types of requests.

• Effective date: From November 7th, 2022, the specified requests must be sent to the new address.
• In scope: Re-openings of economic substance filings, financial period change requests, and responses to non-relevant activity determinations.
• New contact: All such requests should be sent to Compliancerequests@bviita.vg.

The notice is procedural in nature, redirecting correspondence rather than imposing new substantive compliance requirements under the economic substance regime.

Key obligations

• Financial Institutions must send economic substance related requests (re-openings, financial period change requests, and responses to non-relevant activity) to Compliancerequests@bviita.vg from November 7th, 2022 onward.

Applies to

Financial Institutions

Deadlines

• November 7th, 2022: Effective date from which economic substance related requests (re-openings, financial period change requests, non-relevant activity responses) must be sent to the new Compliancerequests@bviita.vg email address.