Title 33 — Taxation and Finance
44 chapters · 619 sections in this title.
33 V.I.C. § 1 Tax on inheritances to and from lineal relatives
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(a) A tax of 2 ½% is imposed on inheritances which fall from husband to wife, from wife to husband, from ascendants to descendants or from children to parents, which, for purposes of this section, shall be described as Class I inheritances. (b) For purposes of computing the tax o…
33 V.I.C. § 2 Tax on inheritances to brothers and sisters
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(a) A tax of 5% is imposed on inheritances which fall to brothers and sisters and their issue, irrespective of their being sole heirs or inheriting jointly with one of their parents, which, for purposes of this section, shall be described as Class II inheritances. (b) For purpose…
33 V.I.C. § 3 Tax on inheritances to distant relatives and strangers
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(a) A tax of 7 ½% is imposed on inheritances which fall to persons other than those mentioned in sections 1 and 2 of this chapter, which, for purposes of this section, shall be described as Class III inheritances; Provided, however, That there shall be no tax imposed upon bequest…
33 V.I.C. § 4 Administration of inheritance tax
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The provisions of this chapter shall be administered by the Bureau of Internal Revenue.
33 V.I.C. § 5 Exemptions
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An inheritance is exempt from the payment of inheritance taxes under this chapter if the decedent, when living, would have been considered a “nonresident not a citizen of the United States” under 26 U.S.C. § 2501(c), or if the decedent was a resident of the Virgin Islands or owne…
33 V.I.C. § 21 Imposition of the tax
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(a) A tax computed as provided in section 22, shall be imposed upon the transfer during a calendar year by any individual, resident or nonresident, of property by gift, which property has its situs in the Virgin Islands. (b) The tax shall apply whether the transfer is in trust or…
33 V.I.C. § 22 Computation of tax
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The tax for each calendar year shall be an amount equal to a tax computed in accordance with the rate schedule set forth:Rate ScheduleIf the net gifts are:The tax shall be(1)On all net gifts from husband to wife, from wife to husband, from ascendants to decend- ants, or from chil…
33 V.I.C. § 23 Transfer for less than an adequate and full consideration
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Where property is transferred for less than an adequate and full consideration in money or money's worth, then the amount by which the value of the property exceeded the value of the consideration shall, for the purpose of the tax imposed by this chapter, be deemed a gift, and sh…
33 V.I.C. § 24 Net gifts
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(a) Definition. The term “net gifts” means the total amount of gifts made during the calendar year, less the deductions provided in section 25. (b) Exclusions from gifts. In the case of gifts (other than of future interests in property) made to any person by the donor during the …
33 V.I.C. § 25 Deductions
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(a) In computing net gifts for the calendar year there shall be allowed as a deduction the amount of all gifts made during such year to or for the use of:(a) The Virgin Islands for exclusively public purposes.(b) A corporation, or trust, or community chest, fund, or foundation, o…
33 V.I.C. § 26 Returns
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(a) Requirement. Any individual who within the calendar year makes any transfers by gift (except those under which section 24 are not to be included in the total amount of gifts for such year) shall make a return under oath in duplicate. The return shall set forth (1) each gift m…
33 V.I.C. § 27 Payment of tax
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(a) Time of payment. The tax imposed by this chapter shall be paid by the donor on or before the 15th day of March following the close of the calendar year. (b) Extension of time for payment. At the request of the donor, the Director may extend the time for payment of the amount …
33 V.I.C. § 28 Lien for tax
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The tax imposed by this chapter shall be a lien upon all gifts made during the calendar year, for ten years from the time the gifts are made. If the tax is not paid when due, the donee of any gift shall be personally liable for such tax to the extent of the value of such gift. An…
33 V.I.C. § 29 Definition of deficiency
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(1) As used in this chapter in respect of the tax imposed by this chapter the term “deficiency” means—(1) The amount by which the tax imposed by this chapter exceeds the amount shown as the tax by the donor upon his return; but the amount so shown on the return shall first be inc…
33 V.I.C. § 30 Assessment and collection of deficiencies
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(a) Petition to District Court. If the Director determines that there is a deficiency in respect of the tax imposed by this chapter, the Director is authorized to send notice of such deficiency to the donor by certified mail. Within 90 days after such notice is mailed (not counti…
33 V.I.C. § 31 Exemptions
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A person is exempt from the payment of gift taxes under this chapter if that person is considered a “nonresident not a citizen of the United States” under 26 U.S.C. § 2501(c), or if the person was a resident of the Virgin Islands at the time the gift was made.
33 V.I.C. § 41 Imposition of taxes
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(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…
33 V.I.C. § 42 Rate and base of excise taxes; exemptions
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(a) Every individual and every firm, corporation and other association doing business as defined in section 41 of this chapter in the Virgin Islands, except those specially taxed, exempted or excluded, shall pay an excise tax on all articles, goods, merchandise or commodities man…
33 V.I.C. § 42a Payment of excise taxes
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(a) Every person, partnership, firm, corporation, or other business association subject to excise taxes under the provisions of sections 41, 42, and 44 of this title shall report all articles, goods, merchandise and commodities brought into or manufactured in the Virgin Islands a…
33 V.I.C. § 42b Procedure for collection of excise taxes on foreign imports
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(a) All taxable articles, goods, merchandise and commodities having a place of manufacture or origin outside the territorial sovereignty of the United States, and being brought into the Virgin Islands from any place outside the Territory, including the fifty states, Puerto Rico, …
33 V.I.C. § 42c Procedure for collection of excise taxes on domestic imports
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(a) All taxable articles, goods, merchandise and commodities having a place of manufacture or origin within the territorial sovereignty of the United States, and being brought into the Virgin Islands from any place outside the Territory, shall remain in custody of the importing c…
33 V.I.C. § 42d Credit for excise taxes paid
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(i) Where excise taxes have been paid, as provided for this chapter, on the articles, goods, merchandise or commodities imported into or manufactured in the Virgin Islands and said articles, goods, merchandise or commodities are subsequently sold:(i) by the importer or manufactur…
33 V.I.C. § 42e Virgin Islands Sin Tax Revolving Fund
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(a) There is established, in the Treasury of the Virgin Islands, a fund known as “The Virgin Islands Sin Tax Revolving Fund.” The Commissioner of Finance shall administer the fund as a separate and distinct fund in the Treasury of the Virgin Islands. Money in the fund is availabl…
33 V.I.C. § 43 Rate and base of gross receipts tax; exemption; definition
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(a) Every individual and every firm, corporation, and other association doing business as defined in section 41 of this chapter in the Virgin Islands shall report their gross receipts and pay a tax of four percent (4%) on the gross receipts of such business. The tax levied under …
33 V.I.C. § 43a Exemption of franchised bus operators from gross receipts and excise taxes
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Any person, firm, or corporation, heretofore or hereafter granted a franchise to operate a bus service in the Virgin Islands, shall be exempt from the payment of all gross receipts taxes and all excise taxes (except gasoline taxes) imposed by the Government of the United States V…
33 V.I.C. § 43b Exemption of costume jewelry manufacturers from gross receipts and excise taxes
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Any person, firm, or corporation, granted a Certificate of Tax Exemption and Subsidy in accordance with the provisions of subtitle 4 of this title, shall be exempt from the payment of all gross receipt taxes and all excise taxes (except gasoline taxes) imposed by the Government o…
33 V.I.C. § 43c Exemption from gross receipts and excise taxes for reverse osmosis water production plants
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Any person, firm or corporation that purchases, for installation in the Virgin Islands, or which constructs in the Virgin Islands a reverse osmosis water production plant shall, upon certification by the Commissioner of Public Works, be exempt from the payment of 50 percent of ex…
33 V.I.C. § 43d Exemption of Industrial Development Beneficiaries from excise taxes
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Any person, firm, or corporation granted an Industrial Development Certificate in accordance with chapter 12 of Title 29, Virgin Islands Code, shall be exempt from the payment of all excise taxes (except gasoline taxes) imposed by the Government of the United States Virgin Island…
33 V.I.C. § 43e Exemption of certain filmmaking and other related professional equipment, materials, and supplies from excise taxes
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(a) The following articles are permitted to be imported into the Virgin Islands free of excise taxes provided such articles are imported only for temporary use within the Virgin Islands and are used exclusively for the purposes set forth below and provided further that such artic…
33 V.I.C. § 43f Exemption of international insurance companies from gross receipts and excise taxes
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Any person, firm, association or corporation, granted a license in accordance with section 1402 and section 1403 of Title 22, Virgin Islands Code, shall be exempt from the payment of all gross receipts taxes and all excise taxes (except gasoline taxes) imposed by the Government o…
33 V.I.C. § 43g Exemption of providers of affordable housing from gross receipts and excise taxes
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(a) Providers of affordable housing pursuant to an approved Affordable Housing Development Agreement entered into with the Government of the United States Virgin Islands under the United States Virgin Islands Affordable Housing Program shall be exempt from the payment of excise t…
33 V.I.C. § 43h Exemption from gross receipts and excise taxes for certain federally funded projects
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(a) Any project being constructed or rehabilitated with funds provided through a direct loan from the United States Department of Housing and Urban Development pursuant to Section 202 of the Housing Act of 1959, as amended (12 U.S.C. § 1701q) or Section 811 of the Cranston-Gonzal…
33 V.I.C. § 43i Exemption of Armed Forces Exchange Service from gross receipts and excise taxes
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The Army and Air Force Exchange Service, which operates a post exchange under a memorandum of agreement in the Virgin Islands, shall be exempt from the payment of all gross receipt and excise taxes imposed by the Government of the United States Virgin Islands for the duration of …
33 V.I.C. § 43j Exemption from gross receipts taxes for all gasoline and fuel products sold to the Virgin Islands Water and Power Authority
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All gasoline and fuel products sold to the Virgin Islands Water and Power Authority shall be exempt from the payment of all gross receipts taxes imposed by the Government of the Virgin Islands.
33 V.I.C. § 43l Exemption from gross receipts taxes for receivers of certain healthcare payments
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All Medicaid and Medicare reimbursements made to Virgin Islands physicians and healthcare facilities are subject to the payment of all gross receipts taxes at 2.5 percent imposed by the Government of the Virgin Islands.
33 V.I.C. § 44 Report and payment of gross receipts and certain excise taxes
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(a) The Government of the Virgin Islands, including its instrumentalities, agencies and public corporations, when making a payment as defined under subsection (b) of this section, to any person, partnership, firm, corporation, or other business association that is subject to the …
33 V.I.C. § 45 Penalty for failure to file report or pay tax; arbitrary assessment by Director; waiver of penalties
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(a) Every person, partnership, firm, corporation or other business association failing to file reports or pay the total amount of tax within the time required by this chapter is subject to the payment of a penalty at the rate of five (5) percent per month or any fraction thereof,…
33 V.I.C. § 46 Repealed. Apr. 5, 1965, No. 1412, § 3, Sess. L. 1965, Pt. I, p. 151
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33 V.I.C. § 46 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. § 47 Tax on performances and entertainments
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(a) A tax at the rate of five percent on gross receipts shall be levied on all performances, or entertainments, not including dances, but including cock-fights, horse races, theatrical performances, motion picture shows, boxing matches, circuses and concerts where admission is ch…
33 V.I.C. § 48 Taxpayers' records
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All persons, partnerships, firms, corporations, or other business associations engaged in a trade or business in the Virgin Islands shall keep such records as are adequate and necessary for them to prepare the several reports required by this chapter, and the Director of the Virg…
33 V.I.C. § 49 Repealed. Dec. 24, 1968, No. 2375, § 2(b), Sess. L. 1968, Pt. II, p. 408
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33 V.I.C. § 49 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. § 50 Certain United States employees to aid in assessment and collection
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(a) The employees of the United States Customs Department and the United States Postal Service are hereby authorized, pursuant to Act of Congress of June 24, 1932, to assist the appropriate officials of the Government of the United States Virgin Islands in the assessment and coll…
33 V.I.C. § 51 Regulations
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The Governor may issue regulations not in conflict with this law for the assessment and collection of the taxes provided herein, and for the proper functioning of this law.
33 V.I.C. § 52 Exemptions
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This law shall not apply to agencies of the Territorial or Federal Government, religious, charitable, benevolent or educational organizations when not engaged in the conduct of business pursuits for profits, nor shall it apply to transactions involving a charitable or benevolent …
33 V.I.C. § 53 Penalties
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(a) Any person, partnership, firm, corporation or other business association who shall wilfully fail or refuse to comply with any requirement of this law, or who submits a fraudulent report to the Tax Division shall pay a fine not to exceed one hundred fifty dollars ($150) or sha…
33 V.I.C. § 54 Hotel room tax
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(a) For purposes of this section only—(1) “Hotel” means every building or other structure or group of structures, including apartments, condominiums, timeshare developments and residences, kept, used, maintained, rented, leased, advertised or held out to the public to be a place …
33 V.I.C. § 55 Telephonic long distance surtax
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(a) Every individual, firm, corporation, or other telephone company engaged in the business of providing telecommunication service in the Virgin Islands shall pay a monthly telephonic long-distance surtax of two and one-half percent (2.5%) on the total charges of all telecommunic…
33 V.I.C. § 56 Repealed. Aug. 1, 2003, No. 6590, § 6, Sess. L. 2003, p. 51
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33 V.I.C. § 56 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. § 57 Marine terminal tax
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(a) As used in the section the term—(1) “Cruise ship” means a passenger vessel over 100 gross tons which is authorized to carry more than 12 passengers for hire making voyages lasting more than 24 hours, of which any part is on the high seas. The term does not include a ferry boa…
33 V.I.C. § 58 Emergency Services Surcharge
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(a) As used in this section the following terms have the following meanings:(1) “Access line” includes residence and business telephone lines and other switched packet or circuit lines connecting the customer premises to the public switched telephone network for the transmission …