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USVI Tax System The US Congress has granted USVI the authority to allow a lowered tax rate to bona fide residents of the USVI. Any income related to a USVI business is also taxed at a lower rate. Bona fide USVI residents pay taxes to the Virgin Islands Bureau of Internal Revenue (BIR) instead of the IRS.
Virgin Islands Veteran Benefits Free Tuition. Free tuition is offered for attendance at local public educational institutions and the University of the Virgin Islands. ... CELL Program. ... Homestead Tax Exception. ... Burial Plot and Expenses. ... Emergency Ambulance Service. ... Reimbursement for medical travel. ... License Plates.
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.
U.S. Virgin Islands (USVI) Military and Veterans Benefits: USVI offers special benefits for Service members, Veterans and their Families including discounted home and land loans for Veterans, Veterans' employment preference, reimbursement for burial expenses, Veteran tuition assistance and free license plates.
VA loans can only be used for properties in the United States and its territories, which include American Samoa, Guam, the Northern Mariana Islands, Puerto Rico and the U.S. Virgin Islands.