Compliance Calendar BVI: Accounting, Financial Reporting and Regulatory Deadlines

Americas Region: British Virgin Islands (BVI)

Staying ahead of regulatory and financial reporting obligations is an essential part of running a compliant and well governed business. The following compliance calendar provides a practical overview of key accounting, financial reporting and regulatory deadlines for entities incorporated or operating in the BVI, covering BVI FSC requirements, books and records, financial statements, economic substance, FATCA and CRS reporting requirements, and annual return filings.

Anomaly International supports BVI entities by preparing their books and records, financial statements and annual financial return, to assist with regulatory requirements, FATCA and CRS reporting obligations and economic substance returns.

If you have a BVI entity, Anomaly International can look after all your accounting and financial reporting needs.

Please reach out to paul.young@anomalyinternational.com to discuss further.

BVI
Category	Key Dates	Entities	Description
Financial Statements (Regulated)	6 months post year end	BVI FSC registered Funds	Regulated funds must file audited annual financial statements with BVI FSC within 6 months of their financial year end. Regulated entities are not required to submit an Annual Financial Return (AFR).
Financial Statements (Non-Regulated)	No filing required	Entities not registered with BVI FSC	Unregulated BVI entities are not required to prepare or file financial statements. Entities must maintain adequate accounting records internally.
Annual Financial Return (AFR)	9 months post year end	BVI Companies and BVI Limited Partnerships	All BVI Business Companies must prepare and submit an Annual Financial Return (AFR) (simple balance sheet and income statement in prescribed format) to their registered agent within 9 months of their financial year end. The AFR is not publicly filed with the Registrar. Dormant companies with no transactions are exempt, provided they file a declaration of dormancy.
FATCA Reporting	Enrolment: 1 April Annual Report: 31 May Portal Fee: 1 June	All BVI Reporting Financial Institutions (banks, funds, trusts, brokers, insurance)	BVI Financial Institutions must enroll for FATCA via the BVIFARS portal by 1 April each year. FATCA annual returns for the 2025 reporting year are due by 31 May 2026. A BVIFARS portal fee of US$185 is due by 1 June each year.
CRS Annual Return	Enrolment: 30 April Annual Report: 31 May	All BVI Reporting Financial Institutions (banks, funds, trusts, brokers, insurance)	BVI Financial Institutions must enroll for CRS via the BVIFARS portal by 30 April each year. CRS annual returns for the 2025 reporting year are due by 31 May 2026. CRS 2.0 amendments are expected to be implemented in the BVI in line with OECD guidance, with scope expanding to include crypto related assets.
Annual Government Fees	Jan - Jun Incorporation: 31 May Jul - Dec Incorporation: 31 October	All BVI incorporated entities	Annual government fees are payable to the BVI Registrar of Corporate Affairs. The due date depends on the month of incorporation.
Economic Substance Reporting	6 months post year end	All BVI legal entities in scope with 'relevant entities' file full economic substance return	All BVI entities must submit economic substance information to their registered agent within 6 months of their financial year end. The registered agent then files with the BVI ITA via the BOSS system. Entities carrying out a 'relevant activity' (banking, insurance, fund management, financing & leasing, HQ, IP, shipping, distribution, holding) must satisfy the ES test and file a full return. Penalties for failure to satisfy the ES test range from US$ 10,000 (first year) to US$ 400,000 (subsequent years), with possible strike-off.

*Please note that this calendar is intended as a general guide only and should not be relied upon as legal or professional advice. Deadlines and requirements are subject to change and we recommend seeking tailored advice for your specific circumstances.