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Landowners can now get 75% relief on property tax interest

-period of relief in effect until Jan 2020
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. Photo: Internet Source
Governor of the Virgin Islands, Mr Augustus J. U. Jaspert. Photo: VINO/File
Governor of the Virgin Islands, Mr Augustus J. U. Jaspert. Photo: VINO/File
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.

This is according to the Post Cabinet Meeting statements of the Cabinet Meeting held October 2, 2019, and the initiative will work in tandem with the Commissioner of Inland Revenue to make the sums payable as easy as possible over the period. 

According to the post-meeting statement, Cabinet, "Decided on a period of relief of seventy-five per cent (75%) of interests accrued for 2018 and prior years on property tax commencing 14th October 2019 to 31st January 2020," the announcement said. 

Pay Outstanding Tax 

However, in order for the relief to be processed, the balance of the interest must be paid within the period in addition to the tax owed, "pay the outstanding principal tax with twenty-five (25) per cent of the interest sum payable forthwith," the statement said.

Cabinet also decided that landowners will also have an option of working out a payment plan with the Commissioner of Inland Revenue, "to liquidate the principal tax with twenty-five (25) per cent of the interest sum payable within the relief period."

Since 2018, the decisions of the Virgin Islands (VI) cabinet are made public to the people of the territory. The move came following a speech from Governor Augustus J. U. Jaspert, who made the announcement during his ‘Speech from the Throne,’ during the House of Assembly’s sitting on Thursday, September 13, 2018. 

18 Responses to “Landowners can now get 75% relief on property tax interest ”

  • asking for (02/11/2019, 12:18) Like (2) Dislike (2) Reply
    So people owe tax from since 2018 and before plus interest, what will happen if we don't pay?
    • True (02/11/2019, 12:32) Like (6) Dislike (2) Reply

      the government can take your land, and if you don't pay your an idiot and tight as a ducks a$$ as 2.5 acres beachfront is only $75

  • opposition (02/11/2019, 12:35) Like (4) Dislike (1) Reply
    When they don't relief the tax and done... times hard lol
  • CGB Resident. (02/11/2019, 17:24) Like (2) Dislike (4) Reply
    I am aware of someone who,has not paid prop taxes since 2003! Can a belonger
    buy his prop for taxes owed ?
    • True (02/11/2019, 21:53) Like (0) Dislike (1) Reply
      if held under Alien Lnadholder license then YES
      • CGB resident (03/11/2019, 08:39) Like (0) Dislike (0) Reply
        Can you explain that to me . Does it mean a non belonger owns the land?
        • explain (05/11/2019, 07:20) Like (0) Dislike (0) Reply
          If a non belonger owes back taxes, it sounds like a belonger can apply to pay taxes in arrears and then apply to take over the property. But apparently not the other way round, which is probably a good thing, since most non-belongers generally tend to pay their property taxes. Take a look at the tax roll (posted at tax office), and see how meant local vs outsider names feature in arrears.
  • Yep Hmmm (02/11/2019, 17:38) Like (0) Dislike (1) Reply
    How come I'm not seeing on here the News of the premiere and finance office moving to Cutlass building... I was looking for it. Still waiting for it... Along with all the details.
    • mischief (02/11/2019, 17:59) Like (2) Dislike (0) Reply
      You know they will get the details for sure... straight from the horses and mouthpiece lol. Hope it's not one sided like them other news websites
  • Observer (02/11/2019, 18:02) Like (0) Dislike (1) Reply
    How many people owe property tax here though?
  • NezRez (02/11/2019, 18:38) Like (4) Dislike (0) Reply
    Land tax here is not expensive. I wish the government would have a site where people can go and see their names and what is owed and pay it. Once the government post it, they can't say they do not know.
    • Peaches (04/11/2019, 10:39) Like (1) Dislike (0) Reply
      True. You should have been able to go to the Inland Revenue site and pay your land tax. Instead, you have to go the office where some of the staff are so cold and unfriendly. Also, you waste so much time; an entire lunch hour and more.
  • WHAT!!! (02/11/2019, 18:43) Like (2) Dislike (0) Reply
    How many people owe taxes, NHI, S.S. ??? Nothing done to them.
  • question (02/11/2019, 21:46) Like (0) Dislike (0) Reply
    How is it that people whose houses been damaged in hurricane period and some may or may not been able to repair.how are their tax been calculated. 2017, 2018 and some still not repaired tell us how are their taxes calculated. I'm not talking about interest 75 percent reduction. We need to know
    • True (03/11/2019, 10:08) Like (0) Dislike (0) Reply
      Its land tax.....not house tax. If its a house site it would be less than $75 get it paid
  • @## (03/11/2019, 06:25) Like (4) Dislike (0) Reply
    Everyone, please stop making everything difficult for yourself. Easy, just go to INLAND Revenue office and have a discussion with someone. Then, start paying something. Nobody is trying to kill u.

    • Truth (03/11/2019, 09:13) Like (1) Dislike (0) Reply
      REAL TALKING,GO IN AND CHECK OUT YOUR LAND TAX,AND BE SORTED OUT. NO LAND LOST OR TAKEN AWAY.
  • Pay the bill. (05/11/2019, 07:16) Like (0) Dislike (0) Reply
    Property taxes in BVI are cheap. Pay up.


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