British Virgin Islands

[Haapoma]

Hello. I have a question.
There is double taxation against Switzerland in the British Virgin Islands.
What does this mean?
What percent is it?

 

[mickey]

Hello, double taxation agreements between two countries define how much % of tax earned in country A will be deducted from the taxes of country B and vice versa. The goal is NOT to pay double tax.

Here is an example: 10% BVI-Tax and 20% Swiss-Tax could become to 15% Swiss-Tax when the taxes of BVI can be used by 50% to reduce Swiss taxes.

How much % this is in particular, changes on a regular basis (yearly in the most cases). It will be calculated by export surpluses between these two countries and some other factors. So you need to contact a tax consultant in Switzerland or BVI.

 

[JohnLocke]

Looks like @mickey already explained it well, you could also look up more information on the forum if you do a Google search.