Get VI BIR 720 2011

Taxes imposed on residents of the Virgin Islands include: Federal Income Tax (same as US mainland) ... Employers are required to remove social security, Medicare and income tax from employee pay. (same as US mainland)

USVI Income Taxes. ... U.S. citizens and permanent residents with income from the USVI, but who are not resident there, pay the same total amount of tax as they would if all their income were from U.S. sources, but the tax is apportioned between the United States and the USVI. This is done on IRS form 8689.

USVI Income Taxes. ... U.S. citizens and permanent residents with income from the USVI, but who are not resident there, pay the same total amount of tax as they would if all their income were from U.S. sources, but the tax is apportioned between the United States and the USVI. This is done on IRS form 8689.

File your original Form 1040 with the United States and file a signed copy of the U.S. return (including all attachments, forms, and schedules) with the Virgin Islands Bureau of Internal Revenue by the due date for filing Form 1040. Use Form 8689 to figure the amount of tax you must pay to the USVI.

But in the U.S. Virgin Islands, the average rate is just 3.37 percent.

Although they are US citizens, US Virgin Islanders residing in the territory are ineligible to vote for the president of the United States. ... People born in the U.S. Virgin Islands derive their US citizenship from congressional statute.

With respect to income from all sources except those in the United states or the U.S. Virgin Islands, an exempt company is entirely free of all U.S. and U.S. Virgin Islands income taxes. Furthermore, except for a nominal annual franchise fee, an exempt company is free from all local taxes as well.

The British Virgin Islands (BVI) is an ideal place to establish an offshore bank account. The country does not impose any taxes on offshore accounts, and it has no tax treaties with other nations, thus protecting the financial privacy of bank account holders.

But in the U.S. Virgin Islands, the average rate is just 3.37 percent.

US Virgin Islands taxes are low Property: Property taxes are imposed at 1.25% of the property's assessed value. The assessed value of the property is generally 60% property's fair market value. ... For all other taxpayers, capital gains are taxed at a flat rate of 20%.

But in the U.S. Virgin Islands, the average rate is just 3.37 percent.

Taxes in the Virgin Islands. Taxes imposed on residents of the Virgin Islands include: Federal Income Tax (same as US mainland) ... Employers are required to remove social security, Medicare and income tax from employee pay.

Taxes imposed on residents of the Virgin Islands include: Federal Income Tax (same as US mainland) Property Tax. Employers are required to remove social security, Medicare and income tax from employee pay.

There is no sales tax in the U.S. Virgin Islands, but there is a 4 percent tax on all property brought into the territory from the mainland for personal use. These use taxes exist in most states and are levied on the use, storage, or other consumption within the state of goods or services purchased out of state.

The Virgin Islands are a relatively safe destination. The small permanent populations are generally friendly and welcoming. That being said, St. Thomas is no longer as safe as it once was. Crime against tourists has been on the rise, and muggings are frequent.