🇻🇬 Tax Overview — British Virgin Islands

BVI Business Company (BC)

BVI Business Companies pay no corporate income tax, capital gains tax, withholding tax, or stamp duty on transactions. There is no VAT or sales tax. The only government charges are the annual registration fee (based on the number of authorised shares). Companies with up to 50,000 authorised shares pay $450/year; those with more than 50,000 pay $1,200/year. BVI has signed OECD Common Reporting Standard (CRS) and FATCA agreements, so financial account information is exchanged with partner jurisdictions. The Economic Substance Act requires BVI entities conducting certain relevant activities (holding, banking, insurance, fund management, IP holding, distribution, service centre, shipping, and headquarters) to demonstrate adequate economic substance in the BVI.