The public is advised that effective December 1, 2023, taxpayers will be required to submit their Payroll Tax, Self-Drive Motor Vehicle (Rentals) Tax and Hotel Accommodation Tax (HAT) returns electronically.
Madam Speaker, I am pleased to be able to update this Honourable House on a major milestone for our tax administration system in the Virgin Islands which is targeted to go live by the end of this month.
Premier and Minister of Finance Honourable Dr. Natalio Wheatley has announced that the Standard Integrated Government Tax Administration System (SIGTAS 3.0) is scheduled to go live by the end of September.
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.
The public is advised that the Inland Revenue Department has upgraded to the Standard Integrated Government Tax Administration System to allow taxpayers greater access and flexibility for online payments, via the Government e-payment gateway.
Persons who were granted approval for Crown Lands in the Bond subdivision development on Virgin Gorda are notified that the collection of the required one-time fee payment is currently on hold until further notice.