British Virgin Islands Corporate Income Tax

Corporate income tax — none in the BVI

• 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% percent (no corporate income tax is levied) (Income Tax Act (rate set to nil))
• Corporate capital gains tax — 0% percent (not taxed) (No capital gains tax statute in force)
• Withholding tax on dividends — 0% percent (no withholding tax on dividends paid to residents or non-residents) (Income Tax Act)
• Withholding tax on interest — 0% percent (no withholding tax on interest) (Income Tax Act)
• Withholding tax on royalties — 0% percent (no withholding tax on royalties) (Income Tax Act)
• Corporate tax base — None — no profits tax base exists; BVI companies are not taxed on income or gains (Income Tax Act)
• Annual government fee — companies with up to 50,000 authorised shares — US$550 per year USD (BVI Business Companies Act, 2004)
• Annual government fee — companies with more than 50,000 authorised shares — US$1,350 per year USD (BVI 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 year (BVI Business Companies Act (As Revised) and Business Companies (Financial Return) Order, 2023)
• Economic substance report deadline — Report prescribed information to the registered agent within 6 months after the end of the relevant financial period (Economic Substance (Companies and Limited Partnerships) Act, 2018)
• Global minimum tax (Pillar Two) — In-scope multinational groups (consolidated revenue ≥ EUR 750m) may face a 15% global minimum top-up tax percent ((approx — confirm BVI implementation status)) (OECD/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)