May 22, 2002
GOVERNMENT OF THE VIRGIN ISLANDS OF THE UNITED STATES --------0-------- VIRGIN ISLANDS BUREAU OF INTERNAL REVENUE 6115 Estate Smith Bay 4008 Estate Diamond Plot 7 B St. Thomas VI 00802 Christiansted VI 00820-4421 Phone: (340) 715-1040 Phone: (340) 773-1040 Fax: (340) 774-2672 Fax: (340) 773-1006 December 3, 2024 Honorable Novelle E. Francis, Jr. Senate President 35th Legislature of the Virgin Islands 3022 Estate Golden Rock Christiansted, VI 00820 Dear President Francis: In accordance with Act No. 8915, Section 2, subsection (d) and (h), the Virgin Islands Bureau of Internal Revenue provides the attached action plan for the collection of outstanding taxes owed to the Government of the Virgin Islands. In addition, the Bureau is in discussions with the Department of Justice as it relates to collection options for the hotel occupancy tax. A final decision should be made within the next few months. If there are any questions, please do not hesitate to contact me. Sincerely, Joel A. Lee, CPA Director ACT 8915 ACTION PLAN FOR OUTSTANDING TAXES COLLECTION OPTIONS 1. …
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GOVERNMENT OF THE VIRGIN ISLANDS OF THE UNITED STATES --------0-------- VIRGIN ISLANDS BUREAU OF INTERNAL REVENUE 6115 Estate Smith Bay 4008 Estate Diamond Plot 7 B St. Thomas VI 00802 Christiansted VI 00820-4421 Phone: (340) 715-1040 Phone: (340) 773-1040 Fax: (340) 774-2672 Fax: (340) 773-1006 December 3, 2024 Honorable Novelle E. Francis, Jr. Senate President 35th Legislature of the Virgin Islands 3022 Estate Golden Rock Christiansted, VI 00820 Dear President Francis: In accordance with Act No. 8915, Section 2, subsection (d) and (h), the Virgin Islands Bureau of Internal Revenue provides the attached action plan for the collection of outstanding taxes owed to the Government of the Virgin Islands. In addition, the Bureau is in discussions with the Department of Justice as it relates to collection options for the hotel occupancy tax. A final decision should be made within the next few months. If there are any questions, please do not hesitate to contact me. Sincerely, Joel A. Lee, CPA Director ACT 8915 ACTION PLAN FOR OUTSTANDING TAXES COLLECTION OPTIONS 1. Penalty Waiver Program – The Bureau will implement a sixty (60) day penalty waiver program to encourage individual and business taxpayers to pay the tax and interest in full. Recommended Start Date: January 1, 2025 Recommended End Date: March 1, 2025 2. Offer in Compromise – Many eligible taxpayers are not taking advantage of this very beneficial program. We will market the OIC program to the specific category of taxpayers who are not able to pay the balances in full due to financial conditions. Recommended Start Date: Immediately 3. Installment agreements – Government employees and private sector employees are eligible for installment agreements. We will target this group of taxpayers aggressively to execute payment agreements that fit their budget. Recommended Start Date: Immediately