Source-cited draft: corporate income tax for British Virgin Islands (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
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Built by Michael Cutajar and the OpenAccountants team. Written from the official sources it cites.
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Corporate income tax — none in the BVI
The British Virgin Islands imposes no corporate income tax, no capital gains tax and no withholding taxes on outbound dividends, interest or royalties. BVI companies instead pay fixed annual government fees, Payroll Tax on local employees, and (where applicable) must meet economic substance and annual financial return obligations. Large multinational groups within scope of the OECD Pillar Two global minimum tax may face a 15% top-up tax under separate rules.
Corporate income tax rate
0%Income Tax Act (rate set to nil)
Corporate capital gains tax
0%No capital gains tax statute in force
Withholding tax on dividends
0%Income Tax Act
Withholding tax on interest
0%Income Tax Act
Withholding tax on royalties
0%Income Tax Act
Corporate tax base
None — no profits tax base exists; BVI companies are not taxed on income or gainsIncome Tax Act
Annual government fee — companies with up to 50,000 authorised shares
US$550 per yearBVI Business Companies Act, 2004
Annual government fee — companies with more than 50,000 authorised shares
US$1,350 per yearBVI Business Companies Act, 2004
Annual financial return filing deadline
File with the registered agent within 9 months after the end of the company's financial yearBVI Business Companies Act (As Revised) and Business Companies (Financial Return) Order, 2023View source ↗
Economic substance report deadline
Report prescribed information to the registered agent within 6 months after the end of the relevant financial periodEconomic Substance (Companies and Limited Partnerships) Act, 2018View source ↗
Global minimum tax (Pillar Two)
In-scope multinational groups (consolidated revenue ≥ EUR 750m) may face a 15% global minimum top-up taxOECD/G20 GloBE Model Rules (Pillar Two)
Annual fee due dates
Companies incorporated Jan–Jun: by 31 May; Jul–Dec: by 30 November ((approx — confirm))BVI Business Companies Act, 2004
Rendered from the canonical facts model. General reference only — confirm with a qualified professional before acting.
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Other British Virgin Islands computations in the OpenAccountants Tax Library.
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