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Virgin IslandsStatutes

Exemption of VIFSCs from income taxes

13 V.I.C. § 773 — under Virgin Islands Foreign Sales Corporation.

13 V.I.C. § 773

(a) An FSC shall be exempt from the payment of income tax under the Internal Revenue Code (as it applies to the United States Virgin Islands) on:(a) foreign trade income;(b) net investment income and carrying charges; and(c) foreign trade related income.

(a) foreign trade income;

(b) net investment income and carrying charges; and

(c) foreign trade related income.