(British Virgin Islands) – A bill has recently been passed to increase the British Virgin Islands (BVI) Hotel Accommodation Tax (HAT) from 7% to 10% in order to implement infrastructure improvements. This increase is expected bring the BVI in line with accommodation tax rates throughout the travel industry.
According to Premier and Finance Minister, Hon. Dr. Orlando Smith, health care, schools and public utilities are among the needs that will be addressed. The HAT has not been increased since 1984. Junior Minister of Tourism, Hon. Archibald Christian echoes Premier Dr. Smith, citing competition from dozens of regional destinations coupled with the BVI’s status of having very low tax rates overall.
The effective date and conditions for implementation have not yet been published.
- Read: Gov’t Needs To Find $$ – Premier On Hotel Tax Hike (BVI Platinum News)
- Read: Hotel Accommodation Tax to be Increased from 7% to 10% (Virgin Islands News Online)
- BVI Government: Hotel Accommodation Tax Information