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British Virgin Islands: Domestic Corporate Taxation

Witholding Tax

There are no withholding taxes in the BVI. However, the BVI, like other British 'dependent territories', was forced to apply the EU's Savings Tax Directive from 1st July, 2005, and chose to apply a withholding tax (initially of 15%, 20% post July 1, 2008 and 35% from July 1, 2011) to the returns on savings paid to nationals of EU Member States. The Directive does not apply to corporate entities.



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