British Virgin Islands

Saturday, Jan 16, 2021

Landowners asked to pay-up 2020 property tax

Landowners in the Virgin Islands (VI) have been asked to pay-up their 2020 property tax which is due to the Inland Revenue Department between September 1 to November 30, 2020.

However, for persons who may have objections on the amounts owed, a court meeting is set for Friday, October 9, 2020, at 10:00 am where a Magistrate will listen to objections on the 2020 assessment of the property.

To find out how much is owed, individuals can visit the Government Information Service website or a number of public buildings where a list has been published with the information.

“The Property Tax list includes the name(s) of proprietor(s) and the amount of tax due. The list which comprises the registration sections can be viewed at various public buildings throughout the Territory, including the R.T. O'Neil Central Administration Complex and the Inland Revenue Department offices on Tortola and Virgin Gorda,” a release for the Inland Revenue Department noted.

Interest if amounts not paid

In addition, persons can also visit the District Offices on Anegada and Jost van Dyke for information on the amounts owed via the property tax list.

The Inland Revenue Department, however, warned that failure to pay the 2020 Property Tax during the period, will attract interest being charged at a rate of twenty per cent per annum.

“Owners should also pay or arrange a payment schedule with the Inland Revenue Department to liquidate any outstanding Property Tax. Legal transactions are not processed for “Stamp Duty” purposes unless the tax relating to the parcel is paid.”

Due to restrictions with COVID-19, the court meeting scheduled for October 9, 2020, will be conducted via zoom meeting only.


Quote of the Day

Capitalism has been called a system of greed—yet it is the system that raised the standard of living of its poorest citizens to heights no collectivist system has ever begun to equal, and no tribal gang can conceive of.

Ayn Rand
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