BVI Automatic Exchange Of Information Registration And Reporting Deadlines

The government of the British Virgin Islands ("BVI") has recently clarified the filing deadlines under the various automatic exchange of information regimes in a number of bulletins and press releases.

UK FATCA / UK CDOT

The BVI government has advised that BVI Reporting Financial Institutions will be able to enrol and make filings in respect of UK FATCA on the BVI Financial Account Reporting System ("BVIFARS") from 2 May 2016. As a result, it has also announced that the UK FATCA enrolment and reporting deadlines have been extended as follows:

1. The 1 April 2016 deadline to enrol with the BVI International Tax Authority ("ITA") on BVIFARS has been extended to 10 June 2016; and