OpenAccountants/British Virgin Islands/British Virgin Islands Payroll & Social Contributions

British Virgin Islands Payroll & Social Contributions

Name: OpenAccountants MCP Server
Author: OpenAccountants

Source-cited draft: payroll & social contributions for British Virgin Islands (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.

Applicable period 2025Built by Michael Cutajar and the OpenAccountants team· Last updated Jun 25, 2026

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Built by Michael Cutajar and the OpenAccountants team. Written from the official sources it cites.

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Key figures — British Virgin Islands, 2025

Every figure is drawn from this Guide and cited to its source.

Overview of Payroll Tax

Payroll Tax is the principal direct tax in the BVI, charged on remuneration paid by employers and on self-employed persons carrying on business in the territory. The total rate is split between an employer share and a fixed 8% employee share that the employer withholds. The first US$10,000 of annual remuneration per employee is exempt.

Total Payroll Tax rate — Class 1 (small) employers

10% of remuneration (8% employee + 2% employer)Payroll Taxes Act, 2004View source ↗

Total Payroll Tax rate — Class 2 (larger) employers

14% of remuneration (8% employee + 6% employer)Payroll Taxes Act, 2004View source ↗

Employee share of Payroll Tax

8% (same for Class 1 and Class 2), withheld by the employerPayroll Taxes Act, 2004

Payroll Tax annual exemption per employee

First US$10,000 of annual remuneration is exemptPayroll Taxes Act, 2004

Class 1 employer qualification (must meet all)

Annual payroll ≤ US$150,000, annual turnover ≤ US$300,000, and ≤ 7 employeesPayroll Taxes Act, 2004

Class 2 employer trigger

An employer exceeding any one Class 1 threshold (payroll > US$150,000, turnover > US$300,000, or > 7 employees) is a Class 2 employerPayroll Taxes Act, 2004

Payroll Tax filing & remittance deadline

Monthly return and payment due by the 21st of the following month ((approx — confirm))Payroll Taxes Act, 2004

Social Security contribution — total rate

8.5% of insurable earnings (4% employee + 4.5% employer)Social Security ActView source ↗

Social Security — employee share

4% of insurable earningsSocial Security Act

Social Security — employer share

4.5% of insurable earningsSocial Security Act

Social Security maximum insurable earnings

US$51,000 per year (2025); rising to US$53,400 per year from 1 January 2026Social Security ActView source ↗

National Health Insurance (NHI) — total rate

7.5% of insurable earnings (3.75% employee + 3.75% employer)National Health Insurance RegulationsView source ↗

NHI maximum insurable earnings

US$102,000 per year (2025); rising to US$106,800 per year from 1 January 2026National Health Insurance RegulationsView source ↗

Self-employed Payroll Tax

Self-employed persons pay Payroll Tax at the applicable class rate (10% Class 1 / 14% Class 2) on their deemed remunerationPayroll Taxes Act, 2004

Rendered from the canonical facts model. General reference only — confirm with a qualified professional before acting.

The full Guide

Payroll Tax (the main employment tax)

Overview of Payroll Tax — Payroll Tax is the principal direct tax in the BVI, charged on remuneration paid by employers and on self-employed persons carrying on business in the territory. The total rate is split between an employer share and a fixed 8% employee share that the employer withholds. The first US$10,000 of annual remuneration per employee is exempt.
Total Payroll Tax rate — Class 1 (small) employers — 10% of remuneration (8% employee + 2% employer) percent (Payroll Taxes Act, 2004)
Total Payroll Tax rate — Class 2 (larger) employers — 14% of remuneration (8% employee + 6% employer) percent (Payroll Taxes Act, 2004)
Employee share of Payroll Tax — 8% (same for Class 1 and Class 2), withheld by the employer percent (Payroll Taxes Act, 2004)
Payroll Tax annual exemption per employee — First US$10,000 of annual remuneration is exempt USD (Payroll Taxes Act, 2004)
Class 1 employer qualification (must meet all) — Annual payroll ≤ US$150,000, annual turnover ≤ US$300,000, and ≤ 7 employees USD (Payroll Taxes Act, 2004)
Class 2 employer trigger — An employer exceeding any one Class 1 threshold (payroll > US$150,000, turnover > US$300,000, or > 7 employees) is a Class 2 employer (Payroll Taxes Act, 2004)
Payroll Tax filing & remittance deadline — Monthly return and payment due by the 21st of the following month ((approx — confirm)) (Payroll Taxes Act, 2004)
Social Security contribution — total rate — 8.5% of insurable earnings (4% employee + 4.5% employer) percent (Social Security Act)
Social Security — employee share — 4% of insurable earnings percent (Social Security Act)
Social Security — employer share — 4.5% of insurable earnings percent (Social Security Act)
Social Security maximum insurable earnings — US$51,000 per year (2025); rising to US$53,400 per year from 1 January 2026 USD (Social Security Act)
National Health Insurance (NHI) — total rate — 7.5% of insurable earnings (3.75% employee + 3.75% employer) percent (National Health Insurance Regulations)
NHI maximum insurable earnings — US$102,000 per year (2025); rising to US$106,800 per year from 1 January 2026 USD (National Health Insurance Regulations)
Self-employed Payroll Tax — Self-employed persons pay Payroll Tax at the applicable class rate (10% Class 1 / 14% Class 2) on their deemed remuneration percent (Payroll Taxes Act, 2004)

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British Virgin Islands Payroll & Social Contributions

Applicable period 2025Built by Michael Cutajar and the OpenAccountants team· Last updated Jun 25, 2026

Payroll Tax (the main employment tax)

Overview of Payroll Tax — Payroll Tax is the principal direct tax in the BVI, charged on remuneration paid by employers and on self-employed persons carrying on business in the territory. The total rate is split between an employer share and a fixed 8% employee share that the employer withholds. The first US$10,000 of annual remuneration per employee is exempt.

Total Payroll Tax rate — Class 1 (small) employers — 10% of remuneration (8% employee + 2% employer) percent (Payroll Taxes Act, 2004)

Total Payroll Tax rate — Class 2 (larger) employers — 14% of remuneration (8% employee + 6% employer) percent (Payroll Taxes Act, 2004)

Employee share of Payroll Tax — 8% (same for Class 1 and Class 2), withheld by the employer percent (Payroll Taxes Act, 2004)

Payroll Tax annual exemption per employee — First US$10,000 of annual remuneration is exempt USD (Payroll Taxes Act, 2004)

Class 1 employer qualification (must meet all) — Annual payroll ≤ US$150,000, annual turnover ≤ US$300,000, and ≤ 7 employees USD (Payroll Taxes Act, 2004)

Class 2 employer trigger — An employer exceeding any one Class 1 threshold (payroll > US$150,000, turnover > US$300,000, or > 7 employees) is a Class 2 employer (Payroll Taxes Act, 2004)

Payroll Tax filing & remittance deadline — Monthly return and payment due by the 21st of the following month ((approx — confirm)) (Payroll Taxes Act, 2004)

Social Security contribution — total rate — 8.5% of insurable earnings (4% employee + 4.5% employer) percent (Social Security Act)

Social Security — employee share — 4% of insurable earnings percent (Social Security Act)

Social Security — employer share — 4.5% of insurable earnings percent (Social Security Act)

Social Security maximum insurable earnings — US$51,000 per year (2025); rising to US$53,400 per year from 1 January 2026 USD (Social Security Act)

National Health Insurance (NHI) — total rate — 7.5% of insurable earnings (3.75% employee + 3.75% employer) percent (National Health Insurance Regulations)

NHI maximum insurable earnings — US$102,000 per year (2025); rising to US$106,800 per year from 1 January 2026 USD (National Health Insurance Regulations)

Self-employed Payroll Tax — Self-employed persons pay Payroll Tax at the applicable class rate (10% Class 1 / 14% Class 2) on their deemed remuneration percent (Payroll Taxes Act, 2004)