News
Global corporate income tax of 15%? Small island states under pressure by OECD!
ROAD TOWN, Tortola, VI - The world remains one-sided with the big powers having the ability to bully the small island states and this also affects the Virgin Islands (VI).
Gov’t rolling out upgraded tax admin system in March 2023
ROAD TOWN, Tortola, VI - The Inland Revenue Department in its bid to improve its database to allow taxpayers greater access and flexibility is preparing its Standard Integrated Government Tax Administration System – SIGTAS 3.0 to go live in March 2023.
7% remittance tax was repressive & targeted most vulnerable– Hon Penn
DUFF’S BOTTOM, Tortola, VI– Minister for Health and Social Development, Hon Marlon A. Penn (R8) has called on Virgin Islands (VI) legislators to find more creative ways of funding the government's expenditure rather than taxing the most vulnerable.
USVI business owners who don't pay taxes will be jailed- Gov Albert A. Bryan Jr
VI CONSORTIUM
FREDERIKSTED, St Croix, USVI- Governor of the US Virgin Islands (USVI) Albert A. Bryan Jr has said business owners who fail to pay their taxes will be sent to jail.
Hon Fahie: Gov’t ‘definitely looking into’ 7% remittance tax
ROAD TOWN, Tortola, VI- Premier and Minister of Finance Honourable Andrew A. Fahie (R1) has revealed that his administration is still reviewing the 7% tax on all monies leaving the Virgin Islands through money transfer services like Western Union and MoneyGram.
USVI Governor makes case to impose tax for purchases made online
VI CONSORTIUM
FREDERIKSTED, St Croix, USVI- Governor Albert A. Bryan Jr on Tuesday, November 24, 2020, during his COVID-19 response update, took the closing minutes of his event to make a case for why the US Virgin Islands (USVI) government should tax its residents for items they purchase online.
USVI bill seeks to tax items purchased on Internet
VI CONSORTIUM
FREDERIKSTED, St Croix, USVI- A bill sponsored by Senator Novelle E. Francis seeks to tax Virgin Islanders for items they purchase through the internet, including on platforms such as Amazon, Target, Walmart and other e-commerce businesses. Calls and texts placed to Mr Francis on Tuesday, November 17, 2020, for comment were not returned.
Gov't to introduce AirBnB Tax legislation
ROAD TOWN, Tortola, VI - Following an April 30, 2019, Cabinet decision where property owners who lease their homes through AirBnB, are now required to pay hotel accommodation tax in the Virgin Islands (VI), Governor of the Virgin Islands Mr Augustus J. U. Jaspert says new AirBnB Tax legislation will soon be introduced.
Landowners can now get 75% relief on property tax interest
ROAD TOWN, Tortola, VI - Property owners in the Virgin Islands (VI) will now get a short period of relief on interest accrued on Property tax for 2018 and previous years under the condition that they pay their outstanding principal tax plus a percentage of the accrued interest.
Unfair Airport Development Fee will be disbanded
Lorna M. George
I am a preacher in the Methodist Church, BVI Circuit so I often travel to Anegada to preach and keep Sunday morning worship at the Anegada Methodist Church.
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