British Virgin Islands Taxes
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British Virgin Islands Income Taxes
February 2025British Virgin Islands, BVI, Income Tax 2025
British Virgin Islands Tax Overview (2025)
The British Virgin Islands (BVI) maintains its status as a tax-neutral jurisdiction. Here's an updated overview:Income Tax:
Exemption: Companies and individuals in the BVI are not subject to income tax.This exemption applies to all sources of income, including capital gains, rent, dividends, interest, and royalties.
Withholding Tax:
Dividends: 0%Royalties: 0%
Interest: 0% (While there is no withholding tax, it is important to be aware of information exchange agreements and automatic exchange of information (AEOI) obligations. The BVI participates in international tax transparency initiatives.)
Important Note Regarding Tax Transparency: The BVI is committed to international tax transparency and participates in various information exchange agreements and AEOI initiatives, including those related to the OECD and the EU.
Businesses and individuals should be aware of their reporting obligations under these agreements.
Other Taxes:
Social Security:- Employer: 4.5%
- Employee: 4%
National Health Insurance:
- Employer: 3.5%
- Employee: 3.5%
Property Tax (Real Estate):
- Land Tax: A nominal tax is levied per acre. The specific amount should be verified with the BVI government.
- Building Tax: The annual tax rate is a percentage of the assessed value or rental income. The specific rate should be verified with the BVI government, as it may have changed.
- Stamp Duty: A stamp duty is imposed on certain transactions, including real estate transactions. The rate should be verified with the BVI government as it can vary.
Taxes Not Imposed in the BVI: The BVI does not impose:
- Value Added Tax (VAT)
- Inheritance Tax
- Gift Tax
- Capital Acquisitions Tax
- Net Wealth Tax
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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