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July 29th, 2022
'Legal actions' needed for 50% remittance tax cut to take effect- Financial Secretary

ROAD TOWN, Tortola, VI- Persons sending monies out of the Virgin Islands (VI) via Western Union and Moneygram will notice that they are still paying a 7% tax on transactions, despite Government announcing it is slashing the fee by 50%.

June 18th, 2020
$1.7M income projected from 7% fee on $$ transfers for 2020- Premier

ROAD TOWN, Tortola, VI - The 7% transaction fee to take 7 cents of every dollar sent overseas through money transfer providers like Western Union and Moneygram have been generating huge incomes for Government, according to Premier and Minister of Finance, Hon Andrew A. Fahie (R1).

June 2nd, 2020
The seven percent tax

Lorna M. George

There is an old adage that says, “God works in mysterious ways His wonders to perform”. My brothers and sisters who send our money to their native countries via transfer money services such as Money Gram and Western Union may have felt a bit disappointed when the government put a seven percent tax on money going out of the country.

May 3rd, 2020
‘We have nothing against anyone from Caribbean islands’- Premier Fahie

ROAD TOWN, Tortola, VI- With money transfer services not included in the list of essential businesses allowed to operate during the reopening phase of the Virgin Islands economy following a month of shutdown due to the COVID-19 pandemic, heaps of criticisms were thrown at the Government of the Virgin Islands by a large number of persons on social media.

April 29th, 2020
Money transfer services not part of 'internal economy'- Premier Fahie

ROAD TOWN, Tortola, VI - Premier and Minister of Finance, Hon Andrew A. Fahie (R1) has indicated that for now, money transfer services will not be allowed to operate as part of phase one of the Virgin Islands (VI) economic reboot following a territory-wide lockdown due to the COVID-19 pandemic.

July 11th, 2016
One Stop Mall broken into

ROAD TOWN, Tortola, VI- The popular One Stop Mall in Road Town, owned by Virgin Islands icon Patsy C. Lake, was broken into sometime last night, July 10, 2016.

December 27th, 2015
New Western Union outlet opens in One Stop Mall

ROAD TOWN, Tortola, VI – One of two new Western Union outlets have opened in the One Stop Mall, bringing the total to four in the territory. The Western Union One Stop Mall on the Virgin Islands main island of Tortola was opened on December 19, 2015.

April 9th, 2013
Western Union BVI under new management

ROAD TOWN, Tortola, VI - The Western Union Company, a leader in global payment services, today announced its remittance operations in the British Virgin Islands are now being offered by GraceKennedy Money Services (GKMS).As an authorized Western Union® Agent in eight other Caribbean Islands, GKMS has had a business relationship with Western Union with more than 20 years’ experience successfully managing this kind of business.

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