British Virgin Island’s Tax Rates
Companies pay no tax in the British Virgin Islands, and there is no VAT.
Personal income tax is tiered as follows :
|Personal income (USD)||Tax rate|
|0 – 3,000||0%|
|3,001 – 7,500||6%|
|7,501 – 15,000||10%|
|15,501 – 22,500||15%|
|22,501 or more||20%|
Accounting Requirements in the British Virgin Islands
There is no requirement for BVI companies to prepare accounts or keep accounting records of any sort.