British Virgin Islands Tax Intelligence – Mandatory CRS XML Schema 3.0 Adoption and Revenue Update
Executive Summary The British Virgin Islands International Tax Authority has mandated adoption of CRS XML Schema 3.0 for all Reporting Financial Institutions effective 1 January 2027, requiring system upgrades and validation against the BVIFARS portal. Separately, the Premier and Minister of Finance delivered a legislative statement on 27 October 2026 updating the House of Assembly

