Common Reporting Standard (CRS) – Compliance of Financial Institutions under Scrutiny by BVI International Tax Authority
As previously communicated in a briefing note, the British Virgin Islands (BVI) enacted the BVI Mutual Legal Assistance (Tax Matters) Amendment Act, 2018 (the Act) which directly impacted upon CRS reporting obligations on several levels. The Act and the BVI Guidance Notes on CRS require that all BVI Financial Institutions (FIs) establish, implement and maintain written […]
