About: Taxation in the British Virgin Islands

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Taxation in the British Virgin Islands is relatively simple by comparative standards; photocopies of all of the tax laws of the British Virgin Islands (BVI) would together amount to about 200 pages of paper. Among the items in the British Virgin Islands that are not subject to taxation: * no capital gains tax, * no gift tax, * no sales tax or value added tax, * no profit tax, * no inheritance tax or estate duty, and * no wealth tax

Attributes	Values
rdf:type	Thing
rdfs:label	イギリス領ヴァージン諸島の課税 (ja) Taxation in the British Virgin Islands (en)
rdfs:comment	イギリス領ヴァージン諸島の課税は比較できる標準と比べて単純である。イギリス領ヴァージン諸島のその課税の法律のコピーは紙にして合計およそ200ページになる。イギリス領ヴァージン諸島の課税は何に課税されないかについて大きく注目される。 (ja) Taxation in the British Virgin Islands is relatively simple by comparative standards; photocopies of all of the tax laws of the British Virgin Islands (BVI) would together amount to about 200 pages of paper. Among the items in the British Virgin Islands that are not subject to taxation: * no capital gains tax, * no gift tax, * no sales tax or value added tax, * no profit tax, * no inheritance tax or estate duty, and * no wealth tax (en)
rdfs:seeAlso	European Union withholding tax
foaf:depiction
dcterms:subject	British Virgin Islands law Economy of the British Virgin Islands Taxation by country
Wikipage page ID	11683735 (xsd:integer)
Wikipage revision ID	1085744868 (xsd:integer)
Link from a Wikipage to another Wikipage	Capital gains tax British Virgin Islands law Economy of the British Virgin Islands Charitable trust United States Virgin Islands Double taxation Income tax Inheritance tax International Business Companies Act Negotiable instrument Payroll tax Offshore company Offshore trust Wealth tax Taxation in the British Virgin Islands Citizenship Withholding tax Profit tax Stock British Overseas Territories British Virgin Islands Cayman Islands Acre European Union Bare trust Bareboat charter Real estate Stamp duty Tax haven Rental value Charterparty Jersey Imports Offshore financial centre Import tariff Taxation by country Sales tax Traveller's cheque Gift tax Natural person Trust instrument U.S. Virgin Islands Belonger Value added tax Estate duty Law of the BVI
sameAs	Taxation in the British Virgin Islands Taxation in the British Virgin Islands Taxation in the British Virgin Islands Taxation in the British Virgin Islands
dbp:wikiPageUsesTemplate	dbt:Reflist dbt:See_also dbt:Use_British_English dbt:Use_dmy_dates dbt:Taxation dbt:North_America_in_topic
thumbnail	wiki-commons:Special:FilePath/TortolaRoadTownHarbor.jpg?width=300
has abstract	Taxation in the British Virgin Islands is relatively simple by comparative standards; photocopies of all of the tax laws of the British Virgin Islands (BVI) would together amount to about 200 pages of paper. Among the items in the British Virgin Islands that are not subject to taxation: * no capital gains tax, * no gift tax, * no sales tax or value added tax, * no profit tax, * no inheritance tax or estate duty, and * no wealth tax There is technically still income tax assessed in the British Virgin Islands for companies and individuals, but the rate of taxation has been set at zero. That means that individuals are not obliged to filling obligations on their income tax. However, individuals are subject to a payroll deduction made of up to 8% for employees with additional 2% up to 6% of employer's gross salary paid by employers depending on the category the individuals fall into. There are two categories of employers: "Class 1" and "Class 2" The payroll tax applies to all remunerations/salaries over US$10,000 per annum. The currency of British Virgin island is US dollar (USD) which makes it easier to interact with the United States Virgin Islands and creates stability and ability to benefit from their reach and reputation they have while still being one of British Overseas Territories. Furthermore, no foreign exchange controls are present. As far as individual taxation is concerned, there are typically certain penalties for not complying with the law. Regarding corporations, there is a system that can be applied to impose penalties in the case of not complying exists. However, both for individuals as well as corporations an official formal ruling or a formal system for tax purposes does not exist. 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, although the jurisdiction prefers to style itself as a modern offshore financial centre. The government of British Virgin Islands does not impose any tax on offshore accounts and on top of that, the British Virgin Islands protect the financial security of its clients, account holders. One aspect that the BVI customers can benefit from is the lack of foreign exchange control, resulting in much easier transfers, it also encourages investment and trade while maintaining a protected financial environment and financial privacy. 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. (en) イギリス領ヴァージン諸島の課税は比較できる標準と比べて単純である。イギリス領ヴァージン諸島のその課税の法律のコピーは紙にして合計およそ200ページになる。イギリス領ヴァージン諸島の課税は何に課税されないかについて大きく注目される。 (ja)
prov:wasDerivedFrom	wikipedia-en:Taxation_in_the_British_Virgin_Islands?oldid=1085744868&ns=0
page length (characters) of wiki page	14784 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Taxation_in_the_British_Virgin_Islands
is Link from a Wikipage to another Wikipage of	List of countries by tax rates International Business Companies Act Taxation in the British Virgin Islands Constitution of the British Virgin Islands British Virgin Islands company law Foreign relations of the British Virgin Islands Government of the British Virgin Islands Economy of the British Virgin Islands Taxation in the british virgin islands Tax law Outline of the British Virgin Islands BVI tax BVI taxation Tax in the BVI Tax in the British Virgin Islands Taxation in the BVI British Virgin Islands tax British Virgin Islands taxation
is Wikipage redirect of	Taxation in the british virgin islands BVI tax BVI taxation Tax in the BVI Tax in the British Virgin Islands Taxation in the BVI British Virgin Islands tax

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