The BVI Financial Accounting Reporting System Soon To Accept Country By Country Reporting

Monday, 24 February 2020 - 9:57am

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.

Government Welcomes EU Decision To Recognise The BVI As A Fully Compliant Jurisdiction

Tuesday, 18 February 2020 - 5:29pm

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.

British Virgin Islands Tax Cooperation With France Overlooked

Thursday, 9 January 2020 - 12:34pm

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.

Government Signs Tax Agreement With Airbnb

Thursday, 12 December 2019 - 2:09pm

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

75% Tax Interest Reduction Available To Property Owners

Thursday, 10 October 2019 - 4:17pm

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 Tax Payments Due September 1

Tuesday, 13 August 2019 - 4:35pm

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

Filing Deadline Extended For Reporting Financial Institutions

Friday, 21 June 2019 - 1:14pm

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.

Inland Revenue Relocates To Central Administration Complex

Thursday, 14 March 2019 - 4:25pm

The public is notified that the Inland Revenue department has been relocated to the 2nd floor of the Central Administration Complex on the East Wing.  

Government Extends Customs Duty Exemption Period

Friday, 3 August 2018 - 6:09pm

The Government of the Virgin Islands has announced that the Customs Duty exemption period has been extended until August 31 and September 30, for two categories of importers.   

2018 Property Tax Assessment Lists Now Available Online

Friday, 3 August 2018 - 3:02pm

Property owners can view the 2018 Property Tax Assessment online at www.bvi.gov.vg.

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