BVI Sets New Work Permit Fees

By Hans Esser, for ExpatBriefing.com 21 April, 2017

The British Virgin Islands has announced new work permit fees, which will take effect from May 15, 2017.

Foreign workers intending to take up work in the British Virgin Islands must pay a fee based on the agreed salary as part of the work permit process.

Under the changes, a fee equal to three percent of the annual salary will apply for those earning up to USD25,000. A fee of five percent will apply thereafter for income up to USD50,000, and a seven percent rate will apply thereafter. The work permit fee is capped at USD10,000.

Domestic workers will pay a fee at one percent of their salary.

The new fee structure also introduces a USD50 application fee in addition to the USD75 fee that is currently charged for issuance of a work permit card.

Tags: Expatriates | Tax | Virgin Islands | Fees | Individual Income Tax | British Virgin Islands | Employment | Expats | Visas And Passports | Working Abroad | Work | Working Abroad | Working Abroad |

 





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