News
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.
'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%.
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.
.png)
.png)
.png)
Follow Us On
