News
Remittance Tax to fund Agri & Fishing Complex, fish landing sites- Dr the Hon Wheatley
ROAD TOWN, Tortola, VI- Deputy Premier and Minister for Education, Culture, Youth Affairs, Fisheries and Agriculture Dr the Honourable Natalio D. Wheatley (R7) said two projects have already been identified that will be funded by the 7% tax imposed on all monies leaving the Virgin Islands through the money transfer services like Western Union and MoneyGram.
$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).