Corporate Tax Comparison

Brazil vs British Virgin Islands

Compare Brazil and British Virgin Islands corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.

Published — Brazil: 2/14/2024 · British Virgin Islands: 2/21/2024 · Time of Update — Brazil: 10/07/2026 · British Virgin Islands: 10/02/2026

Base Country/Region

Compare Country/Region

Compare Corporate Tax

Brazil

British Virgin Islands

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Published — Brazil: 2/14/2024 · British Virgin Islands: 2/21/2024 · Time of Update — Brazil: 10/07/2026 · British Virgin Islands: 10/02/2026

Corporate Income Tax (CIT)

Brazil

British Virgin Islands

General CIT Rate:

34 (composed of 25% IRPJ and 9% CSLL).

General CIT Rate:

The British Virgin Islands does not impose a corporate income tax on businesses. This tax-free environment is a significant reason why the BVI is an attractive destination for international businesses.

CIT Return Due Date:

The last working day of July.

CIT Payment Due Date:

Usually, on the last working day of March of the following year (when calculating IRPJ and CSLL annually), taxpayers can pay taxes within a quota from the last working day of the next month to the end of the quarter, or they can pay taxes in three installments, with the first installment from the next month to the end of the quarter when IRPJ and CSLL are calculated quarterly.

CIT Estimated Payment Due Date:

Normally monthly instalments, but there is an option of quarterly instalment.

Withholding Tax (WHT)

Brazil

British Virgin Islands

Resident Withholding Tax (Dividend/Interest/Royalty):

0 or 10 / 15 - 22.5 / N/A

Resident Withholding Tax (Dividend/Interest/Royalty):

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

10 / 15 / 15

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

Value-Added Tax (VAT)

Brazil

British Virgin Islands

General VAT Rate:

17% - 20% (ICMS)

General VAT Rate:

Learn More Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Brazil

British Virgin Islands

General Capital Gain Tax Rate:

Residents: 34 legal entities (considered as a part of normal income, subject to normal CIT tax rate); non-residents: 15 to 22.5 (WHT); non-residents from tax haven countries: 25 (WHT).

General Capital Gain Tax Rate:

Effective Tax Rate (ETR)

Brazil

British Virgin Islands

Composite Effective Average Tax Rate:

32%

Composite Effective Marginal Tax Rate:

15%

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