Important update for BVI Registered Agents: Economic Substance filing transition
28 Nov 2025
|
On 20 November 2025, the British Virgin Islands International Tax Authority (ITA) announced that Economic Substance (ES) reporting obligations will transition from the Beneficial Ownership Secure Search System (BOSSs) to the Virtual Integrated Registry Regulatory General Information Network (VIRRGIN) portal. The ITA has confirmed that the new VIRRGIN ES filing portal is in its final stages of preparation and will be deployed for filings due in 2026.
Key points to note:
- Final BOSSs filings: Filings due in December 2025, which relate to financial periods ending in July 2025, are expected to be the last conducted via the BOSS portal.
- New VIRRGIN filings: Filings for financial periods ending after July 2025 will be made in the new VIRRGIN ES portal, which is anticipated to be available for use in 2026.
- Action required: Registered Agents with ES information ready before the end of December are strongly encouraged to file as early as possible to mitigate any potential disruption during the transition period.
Final dates for the BOSS portal closure and the VIRRGIN portal launch will be confirmed by the ITA shortly.
We advise all affected parties to be aware of this transition.
Need support?
For further guidance, the Harneys team remains available to assist with navigating the transition and related ES compliance considerations.
+-