British Virgin Islands

Saturday, Feb 27, 2021

Amnesty Of Interest Accrued On Property Tax Granted

Amnesty Of Interest Accrued On Property Tax Granted

The Government of the Virgin Islands is extending to property owners a 100% reduction on property tax interests accrued for the 2020 tax year and prior years.
The period of relief of interests extends from February 3 to August 31, 2021. Property owners are urged to pay the outstanding principal (tax) forthwith, or agree to a payment plan with the Commissioner of Inland Revenue, Mrs. Karen Smith-Aaron, to liquidate the outstanding principal within the relief period.

It is the Government’s intention to implement an amnesty on the interest for Property Tax with the hope that property owners will take full advantage of this opportunity to have their property taxes paid and in compliance with The Property Tax Act (Cap 207).

Mrs. Smith-Aaron is urging property owners to liquidate all outstanding Property Taxes. Property tax is due and payable on September 1 and extends to November 30 annually without accruing interest. Property owners are also reminded that Land Instruments will not be processed at the Inland Revenue Department unless the Property Tax relating to the parcel is paid to date.

The Inland Revenue Department is committed to assessing the taxes, licenses and fees due to the Government of the Virgin Islands; and applying the tax laws with fairness and integrity in an atmosphere of mutual respect, thus achieving compliance to maintain the economic and social well-being of the Virgin Islands.

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