BVI, 1 June 2016 - The statutory deadline of Tuesday, May 31 for US FATCA reporting obligations under the agreement between the Government of the United States of America and the Government of the British Virgin Islands to improve tax compliance and to implement FATCA has been extended to Friday, June 17.
The International Tax Authority (ITA) of the Ministry of Finance of the Government of the Virgin Islands is informing all BVI Financial Institutions (BVIFIs) that have not already submitted their filings for 2014 and 2015, to take advantage of the extended deadlines and ensure that all relevant reportable accounts are reported no later than June 17, 2016. BVIFIs are to be guided accordingly.
For more information on your reporting obligations and how to report, please visit our website: www.bvi.gov.vg/ministry-finance-international-tax-authority or www.bvi.gov.vg/fatca or contact the ITA via telephone: (284) 468 4415 or email: bvifars@gov.vg or bviita@gov.vg.
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British Virgin Islands News