The Government of the Virgin Islands is extending to property owners a 100% reduction on property tax interests accrued for the 2020 tax year and prior years.

The Government of the Virgin Islands is extending to property owners a 100% reduction on property tax interests accrued for the 2020 tax year and prior years.

The Inland Revenue Department is reminding property owners in the Virgin Islands that in accordance with the Property Tax Ordinance, Cap 207 (as amended), Property Tax for the year 2020 is due and payable September 1^st to November 30^th.

The International Tax Authority (ITA) wishes to inform BVI Constituent Entities, that are a part of a Multinational Entity (MNE) Group, as defined under section 2 of the Mutual Legal Assistance Tax Matters (Amendment) Act (No. 8 of 2018) for the Country by Country Reporting, under the Base Erosion and Profit Shifting (BEPS) Action 13, that it will soon be ready to receive filings for Country by Country Reporting in accordance with section 38 of the Act.

The Premier of the Virgin Islands has today welcomed the announcement by the European Union that the British Virgin Islands is recognised as a fully compliant jurisdiction for tax purposes.

The Premier and Minister of Finance of the British Virgin Islands Honourable Andrew A. Fahie has today said that the good tax cooperation between the British Virgin Islands and France has been overlooked in the French Government's decision to include the jurisdiction, among others newly added, to its list of non-cooperative states and territories in tax matters.

The Government of the Virgin Islands has signed a voluntary collection agreement with Airbnb for Hotel Accommodation Tax on transient occupancy.

The Government of the Virgin Islands is extending to property owners a 75% reduction on property tax interests accrued for tax year 2018 and prior years. 

Property owners in the Virgin Islands are notified that property Taxes for the year 2019 are due and payable on September 1.

Virgin Islands Financial Institutions (VIFIs) are notified that the filing deadline for US FATCA and Common Reporting Standards for the 2018 reporting financial year has been extended to Wednesday July 31.