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REVENUE ESTIMATING CONFERENCEApril 30, 2024
JOEL LEE, CPA, CGMA
Director
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VIRGIN ISLANDSBUREAU OF INTERNAL REVENUE

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MISSION
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To administer and enforce the tax laws of the Virgin Islands.

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STRATEGIC OBJECTIVES
To promote voluntary compliance with the   internal revenue tax laws
 
To collect the tax revenues owed to the Government of the Virgin Islands.
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GENERAL FUND TAXES
INCOME TAX
INDIVIDUAL
CORPORATE

GROSS RECEIPTS TAX

EXCISE  TAX

ENVIRONMENTAL INFRASTRUCTURE IMPACT FEE
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GENERAL FUND TAXES
CONTAINER TAX
$50/$100 dollars per container based on size of container
TIRE TAX
$1 (under 18 inches)/$2(over $18 inches) on every tire purchased
ENTERTAINMENT TAX
5% of gross receipts

FRANCHISE TAX
5% of franchise gross subscriber receipts
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SPECIAL FUNDS
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HOTEL OCCUPANCY TAX 
		12.5% of hotel room rate
HIGHWAY USER’S TAX 
		16 cents per pound
FUEL TAX
		14 cents per gallon of gasoline/diesel
[notes] Hotel Occupancy Tax – 10% of hotel room rate
Highway User’s Tax – 16 cents per pound based on weight of vehicle
Fuel Tax – 14 cents per gallon of gasoline/diesel
Entertainment Tax – 5% of total gross receipts for shows & performances
Tire Tax - $1 on every tire purchased
Vehicle Rental surcharge - $3.75 per day of car rental
Container Tax - $50/$100 dollars per container entering the territory
Casino Tax – 8% on gross revenue from Casino

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SPECIAL FUNDS
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VEHICLE RENTAL SURCHARGE 
		$3.75 per day of car rental
CASINO TAX 
		8% - 12% on gross revenue of Casino
RACINO TAX
		Annual rate of 19.25% of gross revenues
[notes] Hotel Occupancy Tax – 10% of hotel room rate
Highway User’s Tax – 16 cents per pound based on weight of vehicle
Fuel Tax – 14 cents per gallon of gasoline/diesel
Entertainment Tax – 5% of total gross receipts for shows & performances
Tire Tax - $1 on every tire purchased
Vehicle Rental surcharge - $3.75 per day of car rental
Container Tax - $50/$100 dollars per container entering the territory
Casino Tax – 8% on gross revenue from Casino

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GENERAL FUND COLLECTIONS
(Fiscal Years 2020 - 2025)

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GENERAL FUND COLLECTIONS
(Fiscal Years 2020 - 2025)

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GENERAL FUND COLLECTIONS
(Fiscal Years 2020 - 2025)

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SPECIAL FUNDS COLLECTIONS 
(Fiscal Years 2020 - 2025)

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INCOME  TAX REFUNDS PAIDBY CALENDAR YEAR(2019-2024)