The BVI Government recently enacted a new revenue-increasing measure which raises the fees for annual and temporary work permits.
The new fees contained in the BVI Statutory Rates, Fees and Charges (Amendment of Schedule) Order 2016 are first subdivided by industry, and then by role. For example, an annual work permit fee for a Clerical Support Worker working in the Accommodation & Food Service Activities industry is $450 but the same role in the Arts, Entertainment & Recreation industry costs $528.
Some roles are yet further subdivided into salary bands, with the fee rising accordingly. For example, in the Financial and Insurance Activities industry, an annual work permit fee for a Professional will be $1,101 if they earn less than $50,000 p/a, $2,761 if they earn between $50,000 and $99,999 p/a, and $4,420 if they earn above that.
The Order provides that where the new fee is greater than $1,000, the increase will be phased in over a three-year period.