Title 33 — Taxation and Finance
44 chapters · 619 sections in this title.
33 V.I.C. § 121 Imposition of tax
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(a) A stamp tax at the rate of two percent (2%) for property valued up to $350,000, two and one-half percent (2 ½%) for property valued from $350,001 to $1,000,000, three percent (3%) for property valued from $1,000,001 to $5,000,000, and three and one-half percent (3 ½%) for pro…
33 V.I.C. § 122 Determination of value for stamp tax purposes; appeals
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In any case where the Commissioner of Finance finds that the value for stamp tax purposes declared by the parties differs from the actual price paid or is substantially inconsistent with current values at the time of the transfer of title, of similar properties, or where the valu…
33 V.I.C. § 123 Stamps, denominations, and forms
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Stamps are to be issued by the Commissioner of Finance, who shall determine the denominations, forms and typography of the stamps.
33 V.I.C. § 124 Sale and cancellation of stamps
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The sale of stamps shall be made by the Recorder of Deeds or the Clerk of the District Court. Stamps shall be affixed to the document and canceled by the Recorder of Deeds or Clerk of the District Court.
33 V.I.C. § 125 Refund of stamp tax
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The Commissioner of Finance may refund the value of stamps insofar as regards signed documents, if it can be ascertained that they have been rendered useless, owing to the circumstances of the case. The Commissioner of Finance shall prescribe regulations concerning the refund of …
33 V.I.C. § 126 Documents drawn up in the Virgin Islands
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Documents drawn up or executed in the Virgin Islands shall be stamped within thirty (30) days from the date of the document.
33 V.I.C. § 127 Documents executed outside the Virgin Islands
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Documents executed or drawn up outside the Virgin Islands shall be stamped within thirty (30) days from the date of arrival within the Virgin Islands. Such arrival date shall be endorsed on the document by the deponent who shall verify the date by affidavit.
33 V.I.C. § 128 Exemptions
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(a) The tax imposed by this chapter shall not apply to a transfer of title—(1) from or to the United States or the Virgin Islands of the United States, or any instrumentality thereof;(2) solely in order to provide or release security for a debt or obligation;(3) which confirms or…
33 V.I.C. § 129 Penalties
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(a) Notwithstanding any other provision of law, any document not stamped within the proper time shall be subject to a penalty of double the stamp tax due; Provided, however, That the maximum penalty shall be the sum of one hundred dollars ($100.00) in addition to the imposition o…
33 V.I.C. § 130 Disposition of stamp taxes
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Fifty percent (50%) of the proceeds of the stamp tax shall accrue to the General Fund of the Treasury of the Government of the Virgin Islands, fifty percent (50%) shall accrue to the account of the Virgin Islands Housing Finance Authority, under title 21 of this Code.
33 V.I.C. § 131 Regulations
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The Commissioner of Finance shall prescribe such rules and regulations, not inconsistent with law, as he deems necessary for the purpose of effectuating the provisions of this chapter.