Gov. Albert Bryan Jr. has authorized the Bureau of Internal Revenue to release another $10 million in delayed tax returns to Virgin Islands income taxpayers this week. The latest disbursement will bring to $17 million released over the past two weeks and more than $35 million since October. The Bryan administration is targeting to pay out a total of $70 million by the end of October of 2020.
Street mapping project continues in the St. Thomas. The head of the Geographic Information System (G.I.S) from the Lieutenant Governor's Office, Chris George provides update on progress.
The Department of Labor experienced a computer system failure affecting benefit payments territory-wide. The Department will provide an update on Wednesday, December 18, 2019.
The BVI has moved to clarify certain inaccurate reports and misconceptions circulating in the local and international media concerning its use of the US Dollar as the Territory’s official currency. Contrary to those media reports, the Government of the BVI is not in the process of developing or launching its national cryptocurrency, neither by itself nor in partnership with any other entity, to replace the US dollar with a digital currency.
The Government of the British Virgin Islands is positioning the Territory as a hub for digital technology, innovation, and entrepreneurship. The BVI is open to dialogue with technology companies, especially those involved in green energy, smart technology and digital services – including cryptocurrencies and blockchain – that are interested in doing business in the BVI or operating from the BVI.