News
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.
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.
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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