Act No. 8271 — An Act establishing a 180-day’ amnesty period for the waiver of penalties for payment of outstanding income taxes and the waiver of interest
PCTNI71 8271 BILL NO. 33-02 19 THIRTY-THIRD LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2019 An Act establishing a 180-day’ amnesty period for the waiver of penalties for payment of outstanding income taxes and the waiver of interest and penalties for payment of outstanding gross receipt taxes for all tax years to assist taxpayers recovering ti-om the afiermath of catastrophic Hurricanes Irma and Maria; require the Director of the Virgin Islands Bureau of Internal Revenue to publish information on this amnesty; and establishing a 180-day amnesty for the waiver of interest and penalties for payment of outstanding real property taxes ---0--- Be it enacted hr the Legislature oft/se J hgin [s/au cis: SECTION 1. Not later than scvcn days after the effective date of this Act, the Director of the Virgin Islands Bureau of Internal Revenue (the Bureau) shall establish a 180-day amnesty period for the waiver for all tax years of: (I) penalties on payment of outstanding income taxes; and (2) penalties and interest on payment of outstanding gross receipt taxes. SECTEON 2. …
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