Premier and Minister of Finance Dr. the Honourable Natalio Wheatley said that direct flights to the U.S mainland signals the re-establishment of a relationship with a major U.S airline, maximizing the capacity of the Terrance B. Lettsome Airport International Airport, and ultimately significant development to the tourism industry and the Virgin Islands as a host destination.
Topic: International Tax, Taxation | Posted By: rmaduro
Friday, 26 May 2023 - 3:35pm
It’s been a while since we announced the new annual fee for Financial Institutions (FI’s) enrolled in the BVI Fars portal, however, we’re still on track for 2023.
Minister for Education, Youth Affairs and Sports, Honourable Sharie B. de Castro, has said that the Assistance Grant Programme under the ministry, will aid Virgin Islanders in accessing financial support in the areas of education, sports and creative arts.
Topic: International Tax, Taxation | Posted By: rmaduro
Friday, 26 May 2023 - 3:11pm
On December 30th, 2022, the United States Internal Revenue Service (“IRS”) released Notice 2023-11 (the “2023 Notice”) for foreign financial institutions (“FFI”) in jurisdictions with a Model 1 Intergovernmental Agreement (“IGA”) in place.
Topic: Caribbean Development Bank (CDB), Disaster Recovery, Recovery and Development Agency (RDA) | Posted By: alsmith
Friday, 26 May 2023 - 11:39am
The Government of the Virgin Islands (GOVI) has received financing from the Caribbean Development Bank (CDB) in an amount equivalent to US$65,291,000 towards the cost of the CDB No. 12/SRF-OR-BVI: Rehabilitation and Reconstruction Loan – Hurricane Irma Project (the Project) and intends to apply a portion of the proceeds to eligible payments under this contract.
The Government of the Virgin Islands through the Ministry of Financial Services, Labour and Trade announces the transfer of Executive Work Permit (EWP) processing to the Department of Labour and Workforce Development.