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British Virgin Islands 2025 Budget Address Notes Focus on Compliance with Transparency and Exchange and Evaluation of Global Minimum Tax

21 November 2024

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Proposed Changes

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British Virgin Islands

The British Virgin Islands Government has published the 2025 Budget Address delivered by Premier Natalio Wheatley on 11 November 2024. With respect to taxation, some of the key points concern compliance with international standards of transparency and exchange of information for tax purposes and the evaluation of the impact of the Pillar 2 global minimum tax (GloBE) rules as follows: --- Madam Speaker, the International Tax Authority (ITA) will continue to ensure that the Virgin Islands is fully compliant with the international standards of transparency and exchange of information for tax purposes. In 2025 the ITA will continue to demonstrate...