|
Sponsored Links
This article is part of the series
Finance and Taxation The absence of most major forms of taxation in the Territory has led to the country being included on most recognised lists of tax havens,[2] although the jurisdiction prefers to style itself as a modern offshore financial centre. There are a number of forms of taxation and revenue collection in the British Virgin Islands, but the majority of the Government's revenues are obtained directly from annual licence fees for offshore companies incorporated in the jurisdiction. In 2005 the British Virgin Islands introduced a payroll tax in relation to employment and "deemed employment"[3] within the British Virgin Islands.[4] The legislation was brought in at the same time as income tax in the Territory was reduced to zero. The numbers were not in fact a perfect balance, and the Government (deliberately) reduced the amount of tax revenue it received by moving to the payroll tax system.
|
Taxation In The British Virgin Islands Subcategories
Taxation In The British Virgin Islands Articles
|
| 
