All persons, firms and corporations doing business in the U.S. Virgin Islands, except those that are specifically exempt, must pay excise tax on all goods, merchandise, or commodities manufactured in or brought into the Virgin Islands for sale or disposition in the course of a trade or business, for processing or manufacturing, or for any other business purpose.
The excise tax is based on the net invoice value of such merchandise, plus a markup of five (5%) percent. Rates of the tax depend upon the applicable tax category, and can range anywhere from two (2%) percent to twenty-five (25%) percent.
ExciseWeb is the Bureau of Internal Revenues web-based portal where taxpayers can enter, prepare, submit and print their 721 (Tax Returns) on-line. Taxpayers must first register to use ExciseWeb before they can begin filing their 721 (Tax Returns). Registration requires that each user create a valid account. Eventually, taxpayers will also be able to pay their 721 (Tax Returns) on-line instead of having to come into the Excise Tax office.
In order to ensure you have the best user experience while using the ExciseWeb application, please make certain to read the recommendations page.
ExciseWeb is designed and supported by Raw Data, Inc.
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