BVI Salary Taxes Calculator

By: Nick Cunha | Last Updated: July 12, 2017

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Hover over the slices of pie to see $ figures

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All personal information is kept private. The collected data will be used to approximate average salary by industry for work permit holders.

Your Gross Yearly Salary: The gross amount of what you are paid, after the direct employer taxes and before you've paid taxes)

I need a work permit:

Annual Salary Overview

Your Net Annual Salary ($):

Your income after all fees and taxes are subtracted.

$

Cost of labour:

This is the total cost of the employer. It includes the salary and all taxes.

$

Government Tax

Paid by you and your employer to the Accountant General

$

Your percentage A percentage you receive from your employers expenses (rest are taxes).

100%

Employer:

Work Permit Tax:

$

The yearly cost of work permit.

Payroll Tax:

$

The payroll tax paid by employer (Class 2 employee).

Social Security:

$

The social security tax, paid by the employer.

NHI tax:

$

The National Health Insurance tax, paid by the employer.

Employer Tax Total:

$

Total amount of taxes paid by the employer.

Employee

Payroll Tax:

$

The payroll tax paid by you.

Social Security:

$

The social security tax, paid by you (Class 2 employee).

NHI tax:

$

The National Health Insurance tax, paid by you.

Employee Tax Total:

$

Total amount of taxes paid by the employee.

Nick

This basically says, businesses would save +25% in taxes by outsourcing labour. In other words, if an employee is offered $50k. The employee will receive $43k but the cost to the employer would ACTUALLY be over $$58k.

BVI Salary Taxes Calculator

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Annual Salary Overview

$

$

$

100%

Employer:

$

$

$

$

$

Employee

$

$

$

$

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