B.V.I. Announces extension on CRS reporting

The BVI Government announced an extension for reporting obligations under the OECD’s Common Reporting Standards (CRS) to June 30th, 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 31st, 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

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The Caribbean Association of Banks, Inc. is the representative body and recognized voice for banks and other financial institutions in the Caribbean. We seek to influence policies and legislation which impact the sector by advocating on our members’ behalf and participating in the global network of similar institutions.

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