International Tax Authority (ITA) To Host A Series Of Live Seminars (2024-03-19)

Summary

This is a purely informational notice from the BVI International Tax Authority announcing a series of live seminars to help entities registered on the BVI Financial Account Reporting System (Fars) Portal understand their reporting obligations under the Common Reporting Standards (CRS). It does not create new legal requirements but flags upcoming educational sessions tailored to different categories of registered entities.

• April 24, 2024 (tentative): Seminar for Custodial Entities.
• June 26, 2024 (tentative): Seminar for Depository Entities.
• August 28, 2024 (tentative): Seminar for Specified Insurance Entities.
• November 27, 2024 (tentative): General seminar open to all entity types.

The ITA notes that dates are tentative and subject to change, and that a further notice will be issued before each seminar inviting attendees to submit questions in advance for the ITA to address.

Applies to

Custodial Entities, Depository Entities, Specified Insurance Entities, BVI Financial Institutions registered in the Fars Portal

Deadlines

• April 24, 2024: Tentative date for CRS seminar for Custodial Entities (subject to change)
• June 26, 2024: Tentative date for CRS seminar for Depository Entities (subject to change)
• August 28, 2024: Tentative date for CRS seminar for Specified Insurance Entities (subject to change)
• November 27, 2024: Tentative date for general CRS seminar open to all entity types (subject to change)