International Tax Authority (ITA) To Host Live Seminar For Investment Entities (2024-02-22)

Summary

This is a notice from the BVI International Tax Authority announcing a live online seminar for Investment Entities that are subject to Common Reporting Standards (CRS) reporting obligations, and for persons appointed to fulfil those obligations via the BVIFars Portal. It is informational only and does not itself impose new legal requirements.

• Session topics: An overview of the new payment component of the BVIFars Portal, due diligence procedures for reviewing reportable accounts and Trust-held accounts, and CRS filing requirements including entity deactivations
• Audience: Investment Entities with CRS reporting obligations and individuals appointed to fulfil those obligations through the BVIFars Portal
• Format: Live online seminar held via a Microsoft Teams registration link, no cost mentioned

The notice provides registration details and contact information but does not create any new filing deadlines or compliance obligations beyond existing CRS requirements.

Applies to

Investment Entities, BVI Financial Institutions, persons appointed to fulfil CRS reporting obligations via the BVIFars Portal

Deadlines

• February 28, 2024, 10 am to 12 pm: Date and time of the live Investment Entity Seminar