BVI launches new tax administration platform

BVI launches new tax administration platform

BVI launches new tax administration platform

by Jason Gorringe,, London

June 22, 2022

The British Virgin Islands Inland Income Division is rolling out a brand new platform early subsequent 12 months to automate the administration of all taxes and licenses.

The usual Built-in Authorities Tax Administration System — SIGTAS 3.0 — is because of be rolled out from February 2023, the federal government mentioned.

The tax company mentioned the system will permit taxpayers to submit a registration type on-line, print a certificates of registration, question accounts on-line, assessment unfiled tax intervals, monitor the standing of pending purposes and talk simply with the tax administration by way of an embedded messaging function.

The IRD mentioned it will focus its efforts within the coming weeks on re-registering companies and registering the small print of every particular person working-age taxpayer.

“We’d like all taxpayers on board,” mentioned Treasury Commissioner Karen Smith-Aaron. “It is vitally vital that we work collectively to enter the information into the system in order that the entire course of runs extra easily. As soon as we have now all taxpayers registered, folks can begin paying on-line when the brand new tax declare system goes reside in February 2023.”

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