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The current rates (as at June 2007) are 10% for small employers [9] and 14% for larger employers. 8% of the total remuneration is deduction from the employee, the remainder of the liability is met by the employer. The first US$10,000 of remuneration are free from payroll tax.
The British Virgin Islands company law is the law that governs businesses registered in the British Virgin Islands. It is primarily codified through the BVI Business Companies Act, 2004, and to a lesser extent by the Insolvency Act, 2003 and by the Securities and Investment Business Act, 2010. The British Virgin Islands has approximately 30 ...
The law of the British Virgin Islands is a combination of common law and statute, and is based heavily upon English law . Law in the British Virgin Islands tends to be a combination of the very old and the very new. As a leading offshore financial centre, the territory has extremely modern statutes dealing with company law, insolvency, banking ...
British Virgin Islands The British Virgin Islands, like Bermuda, remains a British overseas possession. However, also like Bermuda, the benign neglect of British rule has enabled its tax haven status.
In 2015, British Virgin Islands has been assessed as the 34th in terms of global financial centres. This was the highest ranking of any offshore financial centre, and of any Latin American country. The Territory scored strongly in areas such as local taxation, rule of law, regulatory environment and quality of law for human resources. It scored ...
The British Virgin Islands comprise around 60 tropical Caribbean islands, ranging in size from the largest, Tortola, being 20 km (12 mi) long and 5 km (3 mi) wide, to tiny uninhabited islets, altogether about 150 square kilometres (58 square miles) in extent. They are located in the Virgin Islands archipelago, a few miles east of the US Virgin ...
The British Virgin Islands Companies Registry (part of the Registry of Corporate Affairs). The BVI Business Companies Act (No 16 of 2004) is the principal statute of the British Virgin Islands relating to British Virgin Islands company law, regulating both offshore companies and local companies. It replaced the extremely popular and highly ...
The International Business Companies Act, 1984 [1] was a statute of the British Virgin Islands which permitted the incorporation of International Business Companies (IBCs) within the Territory. The Act played in a huge role in the economic and financial development of the Territory in the 1990s. It has been called " the most important piece of ...