Title 33 — Taxation and Finance
44 chapters · 619 sections in this title.
33 V.I.C. § 680 Bureau created
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(a) There is hereby created the Virgin Islands Bureau of Internal Revenue (hereinafter referred to as the Bureau) as a separate independent agency of the Government of the United States Virgin Islands, which, for budgetary purposes only, shall be included under the Office of the …
33 V.I.C. § 681 Powers and duties of the Bureau
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(a) The Bureau shall have the power and it shall be its duty to:(a) administer and enforce the laws imposing corporate and individual income taxes, gross receipts, trade and excise taxes, production taxes, gift taxes, highway users' taxes, hotel occupancy taxes, inheritance taxes…
33 V.I.C. § 682 Tax revenues deposited in Treasury
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All tax revenues collected by the Bureau shall be deposited in the Treasury of the Virgin Islands unless Virgin Islands law specifically provides otherwise. The Director shall cooperate with the Commissioner of Finance to provide the Commissioner a detailed account of the revenue…
33 V.I.C. § 683 Practice before the Bureau
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(a) The Bureau shall—(1) regulate the practice of representatives of persons before the Bureau, and(2) before admitting a representative to practice, require that the representative demonstrate(A) good character and reputation;(B) necessary qualifications to enable the representa…
33 V.I.C. § 701 Notice or regulations requiring records, statements and special returns
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Every person liable for any tax imposed by the internal revenue laws of the Virgin Islands, or for the collection thereof, shall keep such records, render such statements, make such returns, and comply with such rules and regulations as the Director may from time to time prescrib…
33 V.I.C. § 711 General requirement of return, statement or list
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When required by the Director any person liable for any internal revenue tax of the Virgin Islands, or for the collection thereof, shall make a return or statement according to the forms and regulations prescribed by the Director. Every person required to make a return or stateme…
33 V.I.C. § 716 Persons required to make returns of income
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General rule General rule (a) Returns with respect to income taxes under the Virgin Islands income tax law shall be made by the following—(1) every individual having for the taxable year a gross income of $600 or more (except that any individual who has attained the age of 65 bef…
33 V.I.C. § 717 Joint returns of income tax by husband and wife
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Joint returns Joint returns (a) A husband and wife may make a single return jointly of income taxes under the Virgin Islands income tax law, even though one of the spouses has neither gross income nor deductions, except as provided below—(1) no joint return shall be made if eithe…
33 V.I.C. § 718 Income tax return; tax not computed by taxpayer
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Election by taxpayer Election by taxpayer (a) An individual entitled to elect to pay the tax imposed by section 3 of the Virgin Islands income tax law whose gross income is less than $5,000 and includes no income other than remuneration for services performed by him as an employe…
33 V.I.C. § 721 Returns prepared for or executed by Director
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Preparation of return by Director Preparation of return by Director (a) If any person shall fail to make a return required by any internal revenue law of the Virgin Islands or by regulations prescribed thereunder, but shall consent to disclose all information necessary for the pr…
33 V.I.C. § 722 Listing by Director of taxable objects owned by nonresidents
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Whenever there are in this territory any articles subject to tax, which are not owned or possessed by or under the care or control of any person within this territory, and of which no list has been transmitted to the Director, as required by law or by regulations prescribed pursu…
33 V.I.C. § 725 Repealed. July 28, 1969, No. 2505, § 2, Sess. L. 1969, p. 218
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33 V.I.C. § 725 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
33 V.I.C. § 731 Return of partnership income
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Every partnership (as defined in section 761(a) of the Virgin Islands income tax law) shall make a return for each taxable year, stating specifically the items of its gross income and the deductions allowable by the Virgin Islands income tax law, and such other information for th…
33 V.I.C. § 732 Returns of banks with respect to common trust funds
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Every bank (as defined in section 581 of the Virgin Islands income tax law) maintaining a common trust fund shall make a return for each taxable year, stating specifically, with respect to such fund, the items of gross income and the deductions allowed by the Virgin Islands incom…
33 V.I.C. § 733 Returns by exempt organizations
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General General (a) Every organization, except as hereinafter provided, exempt from taxation under section 501(a) of the Virgin Islands income tax law shall file an annual return, stating specifically the items of gross income, receipts, and disbursements, and such other informat…
33 V.I.C. § 734 Returns by trusts claiming charitable deductions under section 642(c) of the Virgin Islands income tax law
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General rule General rule (a) Every trust claiming a charitable, etc., deduction under section 642(c) of the Virgin Islands income tax law for the taxable year shall furnish such information with respect to such taxable year as the Director may by forms or regulations prescribe, …
33 V.I.C. § 735 Returns of officers, directors and shareholders of foreign personal holding companies
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Officers and directors Officers and directors (a) Monthly returns. (1) On the 15th day of each month each individual who on such day is an officer or a director of a foreign corporation which, with respect to its taxable year preceding the taxable year in which such month occurs,…
33 V.I.C. § 736 Notice of qualification as fiduciary
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General rule General rule (a) Every receiver, trustee in bankruptcy, assignee for benefit of creditors, or other like fiduciary, and every executor (as defined in subsection (b) of this section), shall give notice of his qualification as such to the Director is such manner and at…
33 V.I.C. § 741 Information at source
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Payments of $600 or more Payments of $600 or more (a) All persons engaged in a trade or business and making payment in the course of such trade or business to another person, of rent, salaries, wages, premiums, annuities, compensations, remunerations, emoluments, or other fixed o…
33 V.I.C. § 742 Returns regarding corporate dividends, earnings and profits
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(1) Every corporation shall, when required by the Director—(1) make a return of its payments of dividends, stating the name and address of, the number of shares owned by, and the amount of dividends paid to, each shareholder;(2) furnish to the Director a statement of such facts a…
33 V.I.C. § 743 Return regarding corporate dissolution or liquidation
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(1) Every corporation shall—(1) within 30 days after the adoption by the corporation of a resolution or plan for the dissolution of the corporation or for the liquidation of the whole or any part of its capital stock, make a return setting forth the terms of such resolution or pl…
33 V.I.C. § 744 Returns regarding patronage dividends
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Payments of $100 or more Payments of $100 or more (a) Any corporation allocating amounts as patronage dividends, rebates, or refunds (whether in cash, merchandise, capital stock, revolving fund certificates, retain certificates, certificates of indebtedness, letters of advice, or…
33 V.I.C. § 745 Returns of brokers
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Every person doing business as a broker shall, when required by the Director, make a return, in accordance with such regulations as the Director may prescribe, showing the names of customers for whom such person has transacted any business, with such details regarding the profits…
33 V.I.C. § 746 Returns as to formation or reorganization of foreign corporations
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Requirement Requirement (a) Every attorney, accountant, fiduciary, bank, trust company, financial institution, or other person, who aids, assists, counsels, or advises in, or with respect to, the formation, organization, or reorganization of any foreign corporation, shall, within…
33 V.I.C. § 761 Signing of returns and other documents
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Except as otherwise provided by sections 762 and 763 of this title, any return, statement, or other document required to be made under any provision of the internal revenue laws of the Virgin Islands or the regulations issued thereunder shall be signed in accordance with forms or…
33 V.I.C. § 762 Signing of corporation returns
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The return of a corporation with respect to income shall be signed by the president, vice-president, treasurer, assistant treasurer, chief accounting officer or any other officer duly authorized so to act. In the case of a return made for a corporation by a fiduciary pursuant to …
33 V.I.C. § 763 Signing of partnership returns
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The return of a partnership made under section 731 of this title shall be signed by any one of the partners. The fact that a partner's name is signed on the return shall be prima facie evidence that such partner is authorized to sign the return on behalf of the partnership.
33 V.I.C. § 764 Signature presumed authentic
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The fact that an individual's name is signed to a return, statement, or other document shall be prima facie evidence for all purposes that the return, statement, or other document was actually signed by him.
33 V.I.C. § 765 Verification of returns
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Penalties of perjury Penalties of perjury (a) Except as otherwise provided by the Director, any return, declaration, statement or other document required to be made under any provision of the internal revenue laws of the Virgin Islands or the regulations issued thereunder shall c…
33 V.I.C. § 781 Time for filing returns and other documents
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When not otherwise provided for in the internal revenue laws, the Director shall by regulations prescribe the time for filing any return, statement or other document required by the internal revenue laws of the Virgin Islands or by the regulations issued thereunder.
33 V.I.C. § 782 Time for filing income tax returns
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General rule General rule (a) In the case of returns under sections 716, 717 or 731 of this title (relating to the Virgin Islands Income Tax), returns made on the basis of the calendar year shall be filed on or before the 15th day of April following the close of the calendar year…
33 V.I.C. § 785 Time for filing gasoline tax returns
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In the case of returns under section 725 of this title (relating to the gasoline tax under chapter 5 of this title) returns made on the basis of the preceding calendar month shall be filed on or before the 10th day of the following month.
33 V.I.C. § 786 Extension of time for filing returns
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General rule General rule (a) The Director may grant a reasonable extension of time for filing any return, declaration, statement, or other document required by the Virgin Islands income tax law or by regulations issued thereunder. Except in the case of taxpayers who are abroad, …
33 V.I.C. § 801 Place for filing returns and other documents
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When not otherwise provided for by internal revenue laws of the Virgin Islands, the Director shall by regulations prescribe the place for the filing of any return, declaration, statement, or other document, or copies thereof, required by the internal revenue laws or by regulation…
33 V.I.C. § 821 Period covered by returns or other documents
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When not otherwise provided for by the internal revenue laws of the Virgin Islands, the Director may by regulations prescribe the period for which, or the date as of which, any return, statement, or other document required by the internal revenue laws of the Virgin Islands or by …
33 V.I.C. § 822 Publicity of returns and lists of taxpayers
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Public records and inspection Public records and inspection (a) (1) Returns made with respect to taxes imposed by chapters 1, 3 and 6 of the income tax laws of the Virgin Islands upon which the tax has been determined by the Director shall constitute public records; but, except a…
33 V.I.C. § 823 Publicity of information required from certain exempt organizations and certain trusts
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The information required to be furnished by sections 733(b) and 734 of this title, together with the names and addresses of such organizations and trusts, shall be made available to the public at such times and in such places as the Director may prescribe.
33 V.I.C. § 824 Lists of taxpayers for public inspection
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There shall be kept, for public inspection, an alphabetical list of the names of all persons who have paid special taxes under chapter 3 of this title. Such list shall be prepared and kept pursuant to regulations prescribed by the Director, and shall contain the time, place, and …
33 V.I.C. § 825 Publication of statistics of income
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The Director shall prepare and publish annually statistics reasonably available with respect to the operation of the income tax laws of the Virgin Islands, including classifications of taxpayers and of income, the amounts allowed as deductions, exemptions, and credits, and any ot…
33 V.I.C. § 861 Time and place for paying tax shown on returns
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General rule General rule (a) Except as otherwise provided in this section, when a return of tax is required under the internal revenue laws of the Virgin Islands or the regulations issued thereunder, the person required to make such return shall, without assessment or notice and…
33 V.I.C. § 862 Installment payments
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Privilege to elect to make installment payments Privilege to elect to make installment payments (a) (1) Corporations. A corporation subject to the taxes imposed by chapter 1 of the income tax laws of the Virgin Islands may elect to pay the unpaid amount of such taxes in two equal…
33 V.I.C. § 863 Payment on notice and demand
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Upon receipt of notice and demand from the Director there shall be paid at the place and time stated in such notice the amount of any tax (including any interest, additional amounts, additions to tax and assessable penalties) stated in such notice and demand.
33 V.I.C. § 881 Extension of time for paying tax
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Amount determined by taxpayer on return Amount determined by taxpayer on return (a) The Director, except as otherwise provided in this subtitle or the Virgin Islands income tax law, may extend the time for payment of the amount of the tax shown, or required to be shown, on any re…
33 V.I.C. § 882 Extension of time for payment of taxes by corporation expecting carrybacks
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In general In general (a) If a corporation, in any taxable year, files with the Director a statement, as provided in subsection (b) of this section, with respect to an expected net operating loss carryback from such taxable year, the time for payment of all or part of any tax imp…
33 V.I.C. § 883 Bonds where time to pay tax or deficiency has been extended
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In the event the Director grants any extension of time within which to pay any tax or any deficiency therein, the Director may require the taxpayer to furnish a bond in such amount (not exceeding double the amount with respect to which the extension is granted) conditioned upon t…
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…