Search results
Results from the WOW.Com Content Network
In 2005 the British Virgin Islands introduced a payroll tax in relation to employment and "deemed employment" [6] within the British Virgin Islands. [7] The legislation was brought in at the same time as income tax in the Territory was reduced to zero.
The Territory is also the second largest domicile for formation of offshore investment funds (behind the Cayman Islands) with 2,422 licensed open-ended funds as at 30 June 2012 [23] (there is no official statistics for closed-ended funds which are not regulated in the British Virgin Islands). The British Virgin Islands also operates as a ...
45% income tax + 39,2% social security contributions up to €90,600 per year (Half paid by employer ... Taxation in the British Virgin Islands
The British Virgin Islands has almost no taxation. Although there is technically income tax in the British Virgin Islands, the effective rate is zero. There is no capital gains tax, gift tax, sales tax, value added tax or inheritance tax. The only real tax burdens imposed in the jurisdiction are:
The eight major pass-through economies—the Netherlands, Luxembourg, Hong Kong SAR, the British Virgin Islands, Bermuda, the Cayman Islands, Ireland, and Singapore—host more than 85 per cent of the world's investment in special purpose entities, which are often set up for tax reasons.
The strongest consensus amongst academics regarding the world's largest tax havens is therefore: Ireland, Singapore, Switzerland and the Netherlands (the major Conduit OFCs), and the Cayman Islands, British Virgin Islands, Luxembourg, Hong Kong and Bermuda (the major Sink OFCs), with the United Kingdom (a major Conduit OFC) still in transformation.
Rhode Island. Rhode Island state income tax rates range from 3.75 percent to 5.99 percent. If you’ve reached full retirement age and received Social Security benefits during the year, Rhode ...
The official currency of the British Virgin Islands has been the United States dollar (US$) since 1959, the currency also used by the United States Virgin Islands. [3] The British Virgin Islands enjoys one of the more prosperous economies of the Caribbean region, with a per capita average income of around $47,000 (2022 est.) [47]