Virgin Islands Motor Vehicle Pool Use of Vehicle Authorization
Description
How to fill out Motor Vehicle Pool Use Of Vehicle Authorization?
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FAQ
The rate of excise tax on most goods is 4%, while the rate on certain products, such as cigarettes, is higher. Alcoholic beverages are subject to a flat rate based on volume.
Vehicles that are not manufactured inside the U.S. are subject to a duty of 6% of the total value, typically based on the Blue Book value of the auto. There is also a road tax of 16 cents per pound for all vehicles imported to the Virgin Islands.
All persons wishing to complete the transfers are advised that both parties (the buyer and the seller) are required to be present (with proof of identity - Driver's License) at the Department of Motor Vehicles to sigh the transfer form in the presence of a representative from the Department of Motor Vehicles, or a ...
USVI Tax Incentives & The Economic Development Commission up to 90% reduction in corporate and personal income tax; 100% exemption on other taxes, including business property and gross receipt taxes; U.S. currency, courts, and flag protection; rental space at below market rates in sponsored industrial parks.
US Virgin Islands does not use a state withholding form because there is no personal income tax in US Virgin Islands.
There is a small customs fee, and a road tax of 16 cents per pound is charged for all vehicles imported to the Virgin Islands. The biggest challenge for local dealerships is the gross receipts tax of 5 percent.
The transfer of a vehicle may be handled by the seller or the buyer as long as the original vehicle registration is attach, the Certificate of Title is properly filled out and notarized by a valid certified notary public, and a copy of a valid ID for the buyer. The valid ID must include a signature for verification.
Process Step 1: Customer fills out Vehicle Registration form. ... Step 2: Customer submits form to Licensing Officer. ... Step 3: Customer submits Registration form and proof of ownership of the vehicle to the Cashier and registers their License Plates.
