The BVI Government announced an extension for reporting obligations under the OECD’s Common Reporting Standards (CRS) to June 30^th, 2017 by which time all Reporting Financial Institutions (RFIs) are expected to be registered with the BVI International Tax Authority. Initial reports are expected by July 31^st, 2017.

A link to the status of CRS implementation in various jurisdictions are presented HERE.

Link: http://onealwebster.com/alert-extension-bvi-crs-deadlines/?utm_source=Mondaq&utm_medium=syndication&utm_campaign=View-Original