Title 33 — Taxation and Finance
44 chapters · 619 sections in this title.
33 V.I.C. § 921 Assessment authority
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Authority of Director Authority of Director (a) The Director shall make inquiries, determinations, and assessments of all taxes (including interest, additional amounts, additions to the tax and assessable penalties) imposed by the internal revenue laws of the Virgin Islands, or a…
33 V.I.C. § 922 Establishment by regulations of mode or time of assessment
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If the mode or time for the assessment of any tax imposed by the internal revenue laws of the Virgin Islands (including interest, additional amounts, additions to the tax and assessable penalties) is not otherwise provided for, the Director may establish the same by regulations.
33 V.I.C. § 923 Method of assessment
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The assessment shall be made by recording the liability of the taxpayer in the office of the Director in accordance with rules or regulations prescribed by the Director. Upon request of the taxpayer, the Director shall furnish the taxpayer a copy of the record of the assessment.
33 V.I.C. § 924 Supplemental assessments
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The Director may, at any time within the period prescribed for assessment, make a supplemental assessment whenever it is ascertained that any assessment is imperfect or incomplete in any material respect.
33 V.I.C. § 941 Definition of a deficiency
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In general In general (a) For purposes of this Part in the case of the income taxes imposed by the Virgin Islands income tax law, the term “deficiency” means the amount by which the tax imposed by the Virgin Islands income tax law exceeds the excess of—(1) the sum of(A) the amoun…
33 V.I.C. § 942 Notice of deficiency
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In general In general (a) If the Director determines that there is a deficiency in respect of any tax imposed by the Virgin Islands income tax law, he is authorized to send notice of such deficiency to the taxpayer by registered mail. In general (a) If the Director determines tha…
33 V.I.C. § 943 Restrictions applicable to deficiencies; petition to district court
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Time for filing petition and restriction on assessment Time for filing petition and restriction on assessment (a) Within 90 days, or 150 days if the notice is addressed to a person outside the Virgin Islands, after the notice of deficiency authorized in section 942 of this title …
33 V.I.C. § 944 Determinations by district court
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Jurisdiction as to increase of deficiency, additional amounts or additions to the tax Jurisdiction as to increase of deficiency, additional amounts or additions to the tax (a) The district court shall have jurisdiction to redetermine the correct amount of the deficiency even if t…
33 V.I.C. § 945 Assessment of deficiency found by district court
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If the taxpayer files a petition with the district court, the entire amount redetermined as the deficiency by the decision of the district court which has been final shall be assessed and shall be paid upon notice and demand from the Director. No part of the amount determined as …