Taxation

IBCs do not pay income taxes or stamp duties.

Non-residents of BVI are exempt from the income tax payable on interest, dividends, rents and royalties, compensations and other amounts which are paid to the person by the IBC.

There are no capital gains taxes, inheritance taxes and death duties.

Taxation of the BVI IBC on Profits

An International Business Company is exempt from any tax on its world-wide profits to the British Virgin Islands authorities.

Double Taxation Agreements

The British Virgin Islands have double taxation treaties with Japan and Switzerland, although these treaties have limited benefit and are not applicable to offshore business.