Gov’t seeking to generate new revenue streams
The government is actively pursuing innovative strategies to enhance revenue collection and introduce new income streams.
Premier Dr Natalio Wheatley, in his recent budget address, highlighted the implementation of e-government services, including the Payment Gateway and upgrades to the tax collection platform, SIGTAS 3.0.
These initiatives enable the public to pay taxes and other government fees online, significantly advancing the territory’s digital transformation.
The Standard Integrated Government Tax Administration System (SIGTAS) 3.0 is a comprehensive software solution designed to automate tax administration. Utilised by over 30 countries, including the Virgin Islands, SIGTAS 3.0 offers features such as e-registration, e-filing, e-payments, and flexible reporting. These enhancements aim to optimise decision-making and increase efficiency in tax collection, enforcement, and recovery.
The government launched, and will continue to roll out, new electronic platforms that allow the public to pay taxes and other fees owed to the government online. Dr Wheatley said this is a milestone that must be celebrated.
“The public can now pay their payroll tax online; hotels and guesthouses can now pay hotel accommodation fees online; vehicle rental companies can now file their fees online,” Premier Wheatley announced.
In addition to technological advancements, the government is revising outdated fees to boost revenue. Premier Wheatley noted that many government fees have not been updated in 30 years and will be revised to generate additional income.
The government has secured a $100 million loan to support critical development needs, with nearly $54 million allocated to infrastructure, water, and sewerage projects. This investment further underscores the administration’s commitment to enhancing public services and fostering economic growth.
Copyright 2025 BVI News, Media Expressions Limited. All Rights Reserved. This material may not be published, broadcast, rewritten or distributed.
Fourth in line two hour wait to pay $88 dollars!
You aint ready
Oh gosh! Since I pay Vybz Kartel and all those parties and flying cause funds to be low, I will let the people think I will find a new revenue stream somewhere up in the sky, the unsuspecting fools don’t realize I am saying I will have to tax them some more.
More revenue needed as so much money wasted.
HE IS GONNA MILK WE THE LOCAL COWS NOW
He has to pay for the bloated public payroll, including the raises for which he failed to budget.
New Revenue Stream
All elected politicians and their aides, assistants, staff, etc. pay the following daily fee to the BVI Treasury:
Inside BVI: $10/day
Outside BVI: $10,000/day
He is trying to raise the remaining money for Vybes Kartel
go into the playbook and pull out residency or citizenship by investment
Some suggestions Sir. Time to introduce a gun tax on all weapons sold, tax cockfighting, tax dogfighting, tax taxi drivers and charge a tax to drive a car. Job done. That should raise enough revenue to take another trip around the world.
Champagne taste, beer budget. We got offshore financial services that are likely to wither, hundreds of thousands of cruise ship visitors who spend very little here (and we seem to want more), and visitors arriving by other means pay taxes to come, taxes to fo, taxes to stay (cruising permits). on top of the high price of being here.. We don’t grow anything in quantity to have an agricultural industry, fishing is a non-starter as an industry and is dying world wide, and we don’t make anything of commercial value. We just signed for a 100 mill loan ((750k a month minimum, depending on whose terms you want to believe).And, some seen hell bent on spending 500 million on an airport expansion project that will bring a few flights a week during tourist season. Not a lot of legitimate options besides charging ousiders more to be here (prompting them to look at more affordable places) and or improving local tax collection , and or, gasp, raise them. Last two would never happen here.
500 million on a airport when we already have one.
Im thinking this airport expansion is a scheme for UK military vehicles to land the type that carries tanks and heavy weapons not about locals or tourism.
Put 500 million in a university. Soup up HLSCC.
High tech every thing state of the art every thing. All the testing for police, hospital all of that invest to do it here.
That would bring us more value more educated students and visitors even if they had to get here by boat they will come.
Add a nice dormitory that would make us a world leader in research projects fast.
Go develop the cannabis industry for the bill you wrote.
It is the elephant in the room every time government mentions generating new revenue. But knowing government they will screw it up by holding it tight to themselves.
Allow home cultivation for personal use, license the farmers for local wholesale, license the beach hustlers that tourist get safe product and sell the cruise tourist a day pass to consume cannabis.
Taxing 40,000 local residents for revenue in a tax haven is not scalable for growth. It only makes our life harder.
Don’t forget the retirees he still has not acknowledged. Same retirees who have good grip on their families. Idiot
Track me down and handsomely compensate me. Dead Chest is possibly your wealthiest island.
Just what’s on the surface is worth billions. Dec 3 is doubly special to me and so is the VI where I lived for decades.Probe, Realize and Enjoy
Do not swarm the island, please let the government lead, conduct a geological or aggregate study and learn what’s there and how to mine and craft it.
Ease up off of fossil fuels and use the ocean to generate your electricity. Another possible source of income Mr. Premier, get some rock scientists to study the huge boulders in the territory and see how their use can benefit the territory and humanity in general.
Lastly, get reputable recyclers to tour the territory and investigate the possibility of the territory recycling it’s waste and
reproducing items regionally and
internationally.
Spending millions to do these 4, will bear greater reward for generations to come. I may even benefit for the wisdom shared with you and the wider public..
I am local and I feel you. I had this dream where I was picking up gems after an earthquake and it remains in my spirit. I strongly believe there is natural resources at Copper Mine in VG and other areas. Now that you mention Dead Man’s Chest I remember stories of Puerto Ricans sourcing counter top marble from there. These are the types of studies government should be financing instead of waiting until its too late to say “if I had know”… it is so painful living among the dead.
If tomorrow Deadman Chest is bought, you will now know why! I believe that it’s a craftsman’s and gemologist’s dream. The wealth of a nation, should be for the benefit of that nation.