Title 33 — Taxation and Finance
44 chapters · 619 sections in this title.
33 V.I.C. § 1101 Amounts treated as overpayments
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Assessment and collection after limitation period Assessment and collection after limitation period (a) The term “overpayment” includes that part of the amount of the payment of any internal revenue tax which is assessed or collected after the expiration of the period of limitati…
33 V.I.C. § 1102 Authority to make credits or refunds; reserve account
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(a) In the case of any overpayment, the Director, within the applicable period of limitations, may credit the amount of such overpayment, including any interest allowed thereon, against any liability in respect of an internal revenue tax on the part of the person who made the ove…
33 V.I.C. § 1103 Overpayment of installment
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In the case of a tax payable in installments, if the taxpayer has paid as an installment of the tax more than the amount determined to be the correct amount of such installment, the overpayment shall be credited against the unpaid installments, if any. If the amount already paid,…
33 V.I.C. § 1104 Abatements
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General rule General rule (a) The Director is authorized to abate the unpaid portion of the assessment of any tax or any liability in respect thereof, which—(1) is excessive in amount;(2) is assessed after the expiration of the period of limitation properly applicable thereto; or…
33 V.I.C. § 1105 Prohibition of administrative review of decisions
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In the absence of fraud or mistake in mathematical calculation, the findings of fact in and the decision of the Director upon the merits of any claim presented under or authorized by the internal revenue laws and the allowance or nonallowance by the Director of interest on any cr…
33 V.I.C. § 1106 Date of allowance of refund or credit
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The date on which the Director first authorizes the scheduling of an overassessment in respect of any internal revenue tax shall be considered as the date of allowance of refund or credit in respect of such tax.
33 V.I.C. § 1131 Tentative carryback adjustments
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Application for adjustment Application for adjustment (a) A taxpayer may file an application for a tentative carryback adjustment of the tax for the prior taxable year affected by a net operating loss carryback, provided in section 172(b) of the Virgin Islands income tax law, fro…
33 V.I.C. § 1132 Income tax withheld
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In the case of an overpayment of tax imposed by chapter 3 of the Virgin Islands income tax law, refund or credit shall be made to the withholding agent only to the extent that the amount of such overpayment was not deducted and withheld by the withholding agent.