British Virgin Islands: FATCA reporting obligations, U.S. TIN information is mandatory

Mandatory TIN information is applicable for the 2020 reporting period and onwards.

U.S. TIN information is mandatory

The tax authority of the British Virgin Islands on 20 September 2021 notified financial institutions that U.S. taxpayer identification number (TIN) information is mandatory for all reportable accounts with FATCA reporting obligations.

The mandatory TIN information is applicable for the 2020 reporting period and onwards.

Additionally, the tax authority has begun an internal review of the filings to ensure that financial institutions are following the mandatory TIN requirement.
 

Read a September 2021 report [PDF 122 KB] prepared by the KPMG member firm in the British Virgin Islands

 

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