(a) There shall be levied upon, collected from, and paid by each person doing business in the Virgin Islands, the taxes provided for in this chapter, which taxes shall be computed in proportion to the extent of the business done in the Virgin Islands with respect to the pertinent transactions.
(b) For the purposes of this chapter, “doing business” means engaging in any activity, whether lawful or unlawful, conducted for gain, profit, or income at any time during a calendar year.
(c) The taxes imposed by this chapter apply to all persons with substantial nexus with the Virgin Islands. “Substantial nexus” means the nature, frequency, and duration of a person’s or entity’s activities within the Virgin Islands are such that the person or entity benefits from the infrastructure, legal system, economy, or marketplace of the Virgin Islands.
(d) A person or entity shall be deemed to have substantial nexus with the Virgin Islands and be subject to taxes under this chapter if the person or entity:(1) Is a resident of the Virgin Islands or is domiciled in the Virgin Islands for commercial, corporate, or other business purposes;(2) Derives gross income, revenue, or receipts from Virgin Islands sources in any calendar year; or(3) Engages in any continuous or systematic business activity in the Virgin Islands, directly or through agents, representatives, or affiliates.
(1) Is a resident of the Virgin Islands or is domiciled in the Virgin Islands for commercial, corporate, or other business purposes;
(2) Derives gross income, revenue, or receipts from Virgin Islands sources in any calendar year; or
(3) Engages in any continuous or systematic business activity in the Virgin Islands, directly or through agents, representatives, or affiliates.
(e) The Director of the Bureau of Internal Revenue may promulgate rules, forms, and procedures to implement and enforce this section, including compliance reviews, audits, and penalties for non-compliance.
“Person” includes an individual, firm, partnership, limited liability partnership, joint venture, association, corporation, limited liability company, or any other legal entity or group acting as a business unit.