What is the income tax rate chargeable to an International Business Company in Nevis?
The Business Corporate Ordinance Amendment 2018 has erased tax exemption regime for non-resident companies. All IBCs registered before 31st Dec, 2018 would be granted an extended period for tax exemption to 30th Jun, 2021. An IBC incorporated after Dec 2018 would be subject to corporate income tax of 33% for its income originating from inside the Islands. Foreign-source income would be exempt from local income tax.