British Virgin Islands: Reminder to update CRS categorization in BVIFARs portal
Reporting obligations under CRS to verify accuracy of information provided in BVIFARs portal
Reminder to update CRS categorization in BVIFARs portal
The tax authority of the British Virgin Islands (BVI) on 15 November 2023 issued a press release reminding reporting financial institutions subject to reporting obligations under the common reporting standards (CRS) to verify the accuracy of the information provided in the BVIFARs portal so that that their profile accurately reflects the correct reporting entity type and the CRS entity classification.
Read a November 2023 report [PDF 379 KB] prepared by the KPMG member firm in the British Virgin Islands
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