U.S. Virgin Islands Gross Receipts Tax Amnesty
October 26th, 2016
Taxpayers, both individuals and businesses, that are delinquent in filing and paying applicable gross receipts taxes can take advantage of a gross receipts tax amnesty which was signed into law by Governor Kenneth E. Mapp on October 6, 2016. Pursuant…
Read More
Read More
Categories: Blog
FOR MANY TAXPAYERS TREASURY’S PROPOSED EASING OF THE TERRITORIAL DURATIONAL RESIDENCY RULES IS ONLY ABOUT HALF AS GENEROUS AS IT APPEARS
September 8th, 2015
By William L. Blum, Esq. and Erika Kellerhals, Esq. After nearly 20 years of waiting after Congress directed the Treasury Department to promulgate residency rules for the U.S. territories in the Tax Reform Act of 1986, in 2005 the IRS finally promulg…
Read More
Read More
Categories: Blog
ACT NO. 7651 EXPANDS EDC BENEFITS
December 12th, 2014
On October 13, 2014, Governor John P. de Jongh signed Bill Number 30-0300 into law, enacting sweeping positive changes to the U.S. Virgin Islands EDC program. The revisions to the existing legislation expand the scope of eligible businesses and seek…
Read More
Read More
Categories: Blog
NEW FILM PRODUCTION INCENTIVES OF UP TO 27{75f0df2d6e7f7161edac4c5c1d00f29fbd5b5b131330c7e7899506e898c5a87a} IN THE U.S. VIRGIN ISLANDS MOVING THROUGH LEGISLATURE
September 2nd, 2014
On August 13, 2014, the Committee on Economic Development, Planning & Agriculture of the Legislature of the U.S. Virgin Islands (“Committee”), chaired by the Honorable Janette Millin Young, convened to hear testimony on Bill No. 30-0417 (the…
Read More
Read More
Categories: Blog
The Tax Man Cometh - Options for Dealing with Unpaid Taxes
May 14th, 2014
For many clients, it’s the equivalent of a knock on the door in the middle of the night—the dreaded letter from the Virgin Islands Bureau of Internal Revenue (“VIBIR”) or the Internal Revenue Service (“IRS”) advising our clients that he o…
Read More
Read More
Categories: Blog
