Local News
SIGTAS 3.0 Tax Administration System to Go Live by End of September
Premier and Minister of Finance, Honourable Dr. Natalio Wheatley, has announced that the Standard Integrated Government Tax Administration System (SIGTAS 3.0) is set to go live by the end of September. Premier Wheatley made the announcement during a statement at the House of Assembly on September 7, highlighting the significance of this milestone for the tax administration system in the British Virgin Islands (BVI).
The upgrade to SIGTAS 3.0 represents a major step forward for the BVI, as it introduces a state-of-the-art platform designed to enhance tax administration efficiency, effectiveness, and overall service quality for taxpayers. Premier Wheatley emphasized that the new system will also provide greater accessibility and flexibility for online payments through the Government’s e-payment gateway.
Among the key enhancements and benefits of the new system is an improved user interface and navigation, making it easier for users to perform various tasks. The integration of online services will enable clients to register, file, pay, and communicate with the Department of Inland Revenue electronically, saving time and simplifying the tax payment process.
Additionally, the new system ensures enhanced security and data protection, conforming to international standards, as well as increased automation, integration, and expanded functionality. These features allow for customization and configuration options tailored to the specific needs and preferences of the BVI tax system.
Premier Wheatley emphasized that the web-based nature of the system enables clients to access it from any device with an internet connection, such as laptops, tablets, or smartphones. The improved reporting and analytics capabilities will generate more accurate and timely reports and statistics on tax performance and compliance.
Several phases of the project have already been completed, including application deployment, technical upgrade, and the delivery of e-tax services such as registration, tax filing, and payment. The final phases will involve training and support for end users, as well as the official launch and ongoing operation of the system. The Inland Revenue Department is currently in the final stages of testing financial statements, payroll, and opening balances modules, which will complete the full suite of services for modernizing the tax payment process.
SIGTAS is a widely used software solution for tax administration, utilized by over 30 countries worldwide, including the BVI. SIGTAS 3.0 is the latest version of the system, offering new features and enhancements for both tax authorities and taxpayers.
Premier Wheatley urged all relevant individuals and organizations to register, as new unique Tax Identifier Numbers (TIN) are being assigned, which are necessary for the full launch of the system. To facilitate the registration process, the Central Government has deployed a team of experts at the Inland Revenue Department to assist taxpayers. Registration requires a valid passport or driver’s license, Social Security card, and an email address. Online registration is also available at http://www.eregisterfortax.gov.vg.
The Government of the Virgin Islands remains committed to the overall development of the territory through sustainable transformation and the continuous improvement of the tax system.
Education
Former Legislator Dr Kedrick Pickering Becomes International Best-Selling Author with New Book
Dr Kedrick Pickering, former legislator and renowned obstetrician, has achieved international recognition with the release of his book, Walk in Faith & Medicine: Daily Lessons & Insights from a Doctor’s Handwritten Journal. Published on December 12, the 139-page Kindle edition has swiftly become the number one New Release in Obstetrics & Gynaecology on Amazon, earning Dr Pickering a place among Amazon’s International Best Sellers.
Walk in Faith & Medicine provides readers with a deeply personal account of Dr Pickering’s tenure as the only Obstetrician and Gynaecologist in the British Virgin Islands for nearly three decades. The book intricately weaves his medical experiences with his spiritual reflections, offering profound insights into the challenges of practising medicine in a setting where resources were often limited, but faith and resilience were abundant.
Through heartfelt anecdotes, Dr Pickering recounts the joys and struggles of his career, from the miracle of delivering life under difficult circumstances to the strength he found in spirituality when faced with adversity. Each chapter sheds light on the delicate balance between clinical expertise and moral contemplation.
The book’s release has received widespread acclaim, resonating with audiences in both medical and spiritual communities. Its success highlights Dr Pickering’s unique ability to capture the human side of healthcare while addressing universal themes of faith and hope.
Walk in Faith & Medicine is available exclusively as a Kindle edition and is already being hailed as an inspirational must-read.
Entertainment
FCCA Spreads Holiday Cheer in the British Virgin Islands with Christmas Gift Donation
The Florida-Caribbean Cruise Association (FCCA) brought smiles to the faces of over 100 children in the British Virgin Islands with a generous donation of Christmas gifts. The initiative, held on December 16, was a collaborative effort between the FCCA, the Government of the Virgin Islands, and the Youth Empowerment Project (YEP).
The festivities took place at YEP Headquarters in East End, where children were treated to a festive celebration. Staff from the MSC Virtuosa Cruise Ship donned Santa Claus and other character costumes, adding to the magic of the occasion. The event also received sponsorship from Diamond International.
Premier and Minister of Finance Hon. Dr. Natalio D. Wheatley expressed his gratitude for the FCCA’s ongoing commitment to the Virgin Islands community. “The leadership of the FCCA is a thoughtful group of individuals. For more than two decades, their gift-giving has brought smiles and filled hearts with joy and hope during this special time of year,” said Premier Wheatley. “On behalf of the Government of the Virgin Islands, I extend our sincere thanks to the FCCA and their co-sponsors for their generosity.”
Minister for Ports Hon. Kye M. Rymer highlighted the FCCA’s enduring partnership with the territory. “Their commitment to gift-giving for over 20 years deserves our acknowledgment,” said Rymer. He also commended the BVI Ports Authority for its collaboration with the FCCA in supporting such initiatives.
Director of YEP Hon. Stacy Mather shared his appreciation for the FCCA’s efforts. “This marks our second time receiving gifts from this initiative. We are incredibly fortunate and grateful for this generosity,” he said. “Thanks to the kindness of FCCA, Diamond International, and others, our Christmas celebrations begin a little earlier.”
The event was moderated by Deputy Secretary in the Ministry of Communications and Works, Ms. Haley Trott, and attended by Junior Minister for Tourism Hon. Luce Hodge-Smith, Deputy Director of YEP Ms. Bianca Dougan, and other community leaders.
Business
BVI Bank Association Warns Merchants Against Card Transaction Violations
As the festive season brings increased consumer activity, the British Virgin Islands Bank Association (BVIBA) has issued a stern reminder to merchants across the territory regarding compliance with card transaction policies.
The association warns that imposing minimum spending requirements or charging additional fees for card payments is not only against their merchant agreements but also violates regulations established by major payment networks, VISA and Mastercard.
The advisory, issued on Wednesday, December 18, warns that merchants engaging in these practices are in breach of their contractual obligations with their respective financial institutions. “We request that all merchants immediately cease these practices to ensure compliance,” the statement read.
The BVIBA comprises several prominent financial institutions, including Bank of Asia (BVI) Limited, CIBC Caribbean, FirstBank PR, National Bank of the Virgin Islands, Popular, Republic Bank (BVI) Limited, and VP Bank (BVI) Limited.
For inquiries or guidance on compliance, the BVIBA advises merchants to contact their respective banks promptly.
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