- Income tax brackets updated
Refreshed for 2026 — verified date, social security rates and cap, payroll bracket, treaty count 1, IRD URL, sources and prose (vissb.vg) (deloitte.com) Source
Top income tax
None
None system
Corporate tax
None
VAT/GST
None
standard rate
Tax residency
—
1 tax treaties
British Virgin Islands tax profile
Data year: 2026
- Tax system
- None No personal income tax, corporate income tax, capital gains tax, VAT, or withholding tax on dividends, interest, or royalties. The Income Tax Act remains on the statute book but rates are set at zero; BVI Business Companies are generally exempt from income tax under the BVI Business Companies Act. Public revenue relies on payroll tax (on local employment), social security and national health insurance contributions, trade licences, annual company fees, stamp duty, customs duties, and property taxes.
- Top PIT rate
- No Income Tax
- Corporate tax rate
- No Corporate Tax
- VAT/GST
- No VAT/GST
- Capital gains tax
- No Capital Gains Tax
- Social security (employee)
- 4.0%
- Social security (employer)
- 4.5%
- Social security cap (annual)
- USD 53,400
- Dividend withholding
- 0.0%
- Interest withholding
- 0.0%
- Royalty withholding
- 0.0%
- Treaty count
- 1
Income tax brackets
Personal income
| Bracket min | Bracket max | Rate |
|---|---|---|
| USD 10,000 | and above | 8.0% |
Social security
| Bracket min | Bracket max | Rate |
|---|---|---|
| USD 0 | USD 53,400 | 4.0% |
Tax residency
- Residency rules
- With no personal income tax, individual tax residency has limited domestic income-tax effect. Payroll tax, social security, NHI, work permits, and economic-substance rules apply to persons and entities carrying on activities in the territory. There is no simple day-count income-tax residency threshold in published guidance.
- Exit tax
- No
- CFC rules
- No
Filing information
- Fiscal year
- 01-01 – 12-31
Sources
- Deloitte British Virgin Islands Tax Highlights 2025 (accessed Oct 9, 2026) No PIT/CIT/CGT/VAT/WHT; payroll tax; social security and NHI; economic substance and CbC; treaty/TIEA overview
- BVI Social Security Board — contributions (accessed Oct 9, 2026) 4% employee and 4.5% employer on insurable earnings; 2026 cap USD 53,400
- BVI Social Security Board — 2026 maximum insurable earnings (accessed Oct 9, 2026) Annual cap USD 53,400 effective 1 January 2026
- Inland Revenue Department (accessed Oct 9, 2026) Payroll tax, stamp duty, property and other domestic levies
- International Tax Authority (accessed Oct 9, 2026) Cross-border reporting, FATCA/CRS/CbC, tax information exchange
- HMRC — British Virgin Islands tax treaties (accessed Oct 9, 2026) UK–BVI income-tax DTA in force from 1 January 2011 in the BVI
Change history
-
-
- Income tax brackets updated
Refreshed for 2026 — verified date, social security rates and cap, payroll bracket, treaty count 1, IRD URL, sources and prose (vissb.vg) (deloitte.com) Source
-
- Income tax brackets updated
Refreshed for 2026 — verified date, social security rates and cap, payroll bracket, treaty count 1, IRD URL, sources and prose (vissb.vg) (deloitte.com) Source
-
- Income tax brackets updated
Refreshed for 2026 — verified date, social security rates and cap, payroll bracket, treaty count 1, IRD URL, sources and prose (vissb.vg) (deloitte.com) Source
-
- Income tax brackets updated
Refreshed for 2026 — verified date, social security rates and cap, payroll bracket, treaty count 1, IRD URL, sources and prose (vissb.vg) (deloitte.com) Source
-
- Income tax brackets updated
Refreshed for 2026 — verified date, social security rates and cap, payroll bracket, treaty count 1, IRD URL, sources and prose (vissb.vg) (deloitte.com) Source
-
- Income tax brackets updated
Refreshed for 2026 — verified date, social security rates and cap, payroll bracket, treaty count 1, IRD URL, sources and prose (vissb.vg) (deloitte.com) Source
-
- Income tax brackets updated
Refreshed for 2026 — verified date, social security rates and cap, payroll bracket, treaty count 1, IRD URL, sources and prose (vissb.vg) (deloitte.com) Source
-
- Income tax brackets updated
Refreshed for 2026 — verified date, social security rates and cap, payroll bracket, treaty count 1, IRD URL, sources and prose (vissb.vg) (deloitte.com) Source
-
- Income tax brackets updated
Refreshed for 2026 — verified date, social security rates and cap, payroll bracket, treaty count 1, IRD URL, sources and prose (vissb.vg) (deloitte.com) Source