FATCA, CRS and Country by Country Reporting - July 2019

Updated Guidance for British Virgin Islands Financial Institutions and Constituent Entities

On 14 May 2019 the BVI International Tax Authority (ITA) provided updated guidance on the enrolment/ registration and reporting/filing deadlines for FATCA, the Common Reporting Standard (CRS) and Country-by-Country Reporting (CbCR) under BEPS. Where Trident Trust provides fiduciary services to a client company, we will ensure compliance with the reporting requirements.

For entities where we do not provide fiduciary services, the responsibility for compliance with all FATCA, CRS and CbCR obligations lies with the company’s director(s), and clients should read the following summary.

Please read our briefing for more information.