British Virgin Islands

Friday, Oct 23, 2020

Gov’t offers ‘grace period’ to delinquent taxpayers seeking to renew work permit

Gov’t offers ‘grace period’ to delinquent taxpayers seeking to renew work permit

Persons seeking to renew their work permit but are not up-to-date on their tax payments will now be granted a window of time to settle all outstanding balances.

This development comes roughly a month after Premier Andrew Fahie announced that expats renewing their work must first furnish the Labour Department with certificates of good standing from NHI, Social Security, and Inland Revenue.

Addressing a gathering of local business owners this week, Premier Andrew Fahie said: “We are going to have for the first year some grace periods to get it (tax payments) up to date because we understand how things have been going.”

He added: “We also have stipulations that if you come in as a student, then you are a student, you can’t change from a student to something else … so the expectations on the way in will be clear.”

In June, the Premier had said these new adjustments will provide greater protection for BVIslanders and Belongers in the local workforce.

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