Form 722 vi 2025

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The document is a Hotel Room Tax Return form (Form 722 V.I.) for the Government of the U.S. Virgin Islands, detailing the process for reporting and remitting hotel room taxes. It outlines the types of rentals subject to tax, the calculation of tax due at a rate of 12.5%, penalties for late payment, and instructions for submission to the Bureau of Internal Revenue.

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Click ‘Get Form’ to open it in the editor.
Begin by selecting the rental type from the options provided: VI-Hotel, VA-Villa, TS-Timeshare, OT-Other, or CO-Condo.
Enter your Taxpayer Identification Number (TIN) in the designated field.
Fill in the location of rooms under sections A, B, C, and D as applicable. Ensure accuracy for proper tax calculation.
Calculate the total amount of rentals by adding values from sections A, B, C, and D. Enter this total in section E.
Determine the tax due by multiplying the total amount of rentals (line E) by 12.5%. Input this value in section F.
If applicable, calculate any penalties and interest for late payments and enter these amounts in sections G and H respectively.
Finally, sum lines F, G, and H to find the total amount due and enter it in section I. This is the amount you will remit with your return.
Complete your personal information at the bottom of the form including name, title, signature, and date before submitting.

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2017	4.8 Satisfied (173 Votes)
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What is the lodging tax in the USVI?

A guest renting out a short-term accommodation in the USVI is responsible for payment of a hotel room tax totaling 12.5% of the gross room rate or rental, which will include the room rate plus any additional fees such as energy surcharges or maintenance fees.

Do you have to pay taxes in the U.S. Islands?

The USVI has its own income tax system based on the same laws and tax rates that apply in the United States. An important factor in USVI taxation is whether, during the entire tax year, you are a bona fide resident of the USVI.

Do U.S. citizens pay taxes in the Islands?

The US Islands has the same tax rates as the United States, although significant tax incentives are available under certain circumstances.

What is Form 722?

SBA Form 722 - Statement of Policy on Equal Employment Opportu. Page 1.

Do you have to pay hotel tax in the USA?

Lodging taxes are levied by your state or local government and can go by different names, including sales tax, transient tax, hotel tax, room tax, occupation tax, and many more. Guests are required to pay these taxes on top of the cost of their accommodations.

usvi hotel tax form

Printable form 722 vi Form 722 vi pdf Form 722 vi instructions Form 722 vi online Form 722 vi sample USVI tax forms Bureau of internal revenue St croix Form 8689

Are the US Islands a tax haven?

The U.S. Islands is not a traditional tax haven, but it does offer significant tax incentives and benefits to qualified residents and companies. These tax advantages stem from the territorys Economic Development Program, which aims to attract investment and stimulate economic growth.

Do you pay property taxes in the US Islands?

Yes, property taxes are levied in the US Islands. The exact amount will depend on the assessed value of the property, but it is generally lower than in many US states.

Do US territories have to pay federal income tax?

Broadly, an individual resident of a territory is exempt from U.S. tax on income that has a source in that territory but is subject to U.S. tax on U.S.-source and non-possession-source income. A corporation that is organized in a territory is generally treated as a foreign corporation for U.S. tax purposes.