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News

February 7th, 2022
Hon Fahie: Gov’t ‘definitely looking into’ 7% remittance tax

ROAD TOWN, Tortola, VI- Premier and Minister of Finance Honourable Andrew A. Fahie (R1) has revealed that his administration is still reviewing the 7% tax on all monies leaving the Virgin Islands through money transfer services like Western Union and MoneyGram.

April 17th, 2020
HoA debates bill for Gov't to charge 7% fee on money transfers

DUFFS BOTTOM, Tortola, VI – A 7% transaction fee, 7 cents of every dollar sent overseas through money transfer providers, will be deducted when the bill entitled 'Financing and Money Services (Amendment) Act, 2020' comes into law.

June 10th, 2013
Giving belongership status can reduce remittances - Hon. Fraser

SEA COWS BAY, Tortola, VI - There have been many suggestions and opinions flowing throughout the Virgin Islands as persons explore every possible means of improving the economy of the Territory.

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