The British Virgin Islands International Tax Authority has issued a notice regarding the update of the British Virgin Islands Financial Account Reporting system from OECD schema version 1.0 to version 2.0, which applies for both Country-by-Country (CbC) reporting and Common Reporting Standard (CRS) reporting.
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BVIFARS Offline: Update to Version 2.0 Schema
The International Tax Authority (the "ITA") wishes to inform all reporting entities and constituent entities that the British Virgin…