Lowtax Network

Back To Top

BVI To Automate Customs Processes

by Mike Godfrey, Lowtax.net, Washington
18 February, 2015

The Government of the British Virgin Islands has announced that it is to fully automate its customs management systems by May 1, 2015.

All procedures to clear goods will be carried out electronically, with traders able to submit declarations for processing under the new Customs Automated Processing System (CAPS) online.

Once registered with the new system, brokers and agents will receive a Trader Identification Number (TIN) and can search for tariff rates, preview customs declarations, upload supporting documents, and receive payment summaries.

It is hoped that the new system will increase the efficiency of the islands' customs agency, reduce staff hours and processing times, and enhance the territory's oversight of imported goods.

See all of today's news


News Archive

Event Listings

Listings for the leading worldwide conferences and events in accounting, investment, banking and finance, transfer pricing, corporate taxation and more...
See Event Listings »