Home
Forms Library
2018 virgin islands bureau of revenue 720 b tax form

2018 virgin islands bureau of revenue 720 b tax form-2025

2018 virgin islands bureau of revenue 720 b tax form Preview on Page 1

See details

4.8 out of 5

42 votes

The document is Form 720-B, an annual tax return for gross receipts in the U.S. Virgin Islands, applicable to businesses with annual receipts of $120,000 or less. It outlines the requirements for filing, including tax calculations based on gross receipts and exemptions. The form must be submitted within 30 days after the end of the reporting year, and it includes sections for reporting monthly gross receipts, calculating taxes due, and providing business information.

Here's how it works

01. Edit your 2018 virgin islands bureau of revenue 720 b tax form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send virgin islands form 720b via email, link, or fax. You can also download it, export it or print it out.

How to quickly redact 2018 virgin islands bureau of revenue 720 b tax form online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Dochub is a perfect editor for changing your paperwork online. Follow this straightforward guideline redact 2018 virgin islands bureau of revenue 720 b tax form in PDF format online at no cost:

Register and sign in. Create a free account, set a secure password, and proceed with email verification to start managing your templates.
Upload a document. Click on New Document and select the file importing option: add 2018 virgin islands bureau of revenue 720 b tax form from your device, the cloud, or a protected link.
Make adjustments to the template. Take advantage of the top and left panel tools to edit 2018 virgin islands bureau of revenue 720 b tax form. Add and customize text, images, and fillable areas, whiteout unnecessary details, highlight the important ones, and provide comments on your updates.
Get your documentation accomplished. Send the sample to other parties via email, create a link for quicker document sharing, export the template to the cloud, or save it on your device in the current version or with Audit Trail added.

Explore all the benefits of our editor today!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the gross receipt tax in the Islands?

The Islands imposes a Gross Receipts Tax on total receipts from the conduct of business within the V. I., without reduction of any expenses whatsoever. The Gross Receipts tax rate is 5%.

Do you pay federal income tax in the US Islands?

USVI Income Taxes: Residents of the USVI, instead of filing returns and paying taxes to the IRS, file returns and pay income taxes directly to the USVI Bureau of Internal Revenue. The taxes are at the same rates and use the same forms and rules as for federal income taxes.

How do I file taxes in the US Islands?

If you are a bona fide resident of the US Islands, you will need to file a US Island tax return with the Islands Bureau of Internal Revenue instead of the IRS. The Islands Bureau of Internal Revenue and the IRS are not the same entity although the same tax rates and laws apply.

Where to file US Islands tax return?

File a signed copy of your tax return (with all attachments, forms, and schedules, including Form 8689) with the Islands Bureau of Internal Revenue, 6115 Estate Smith Bay, Suite 225, St. Thomas, VI 00802. They will accept a signed copy of your U.S. return and process it as an original return. Amended returns.

What is the hotel tax in the USVI?

(1) Every guest of a hotel as defined above shall pay to the Government of the United States Islands a tax to be collected and remitted to the Government by the hotelkeeper or innkeeper at the rate of 12.5 percent of the gross room rate or rental.

virgin islands form 720 vi

2018 virgin islands bureau of revenue 720 b tax form pdf Virgin Islands Bureau of internal revenue Gross receipts tax Virgin Islands USVI tax forms Tax clearance letter usvi Virgin Islands tax refund status Form 720-B Form 8689 pdf

Related forms

be ready to get more

Complete this form in 5 minutes or less

Get form

Do you have to pay taxes in the US 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.

2018 virgin islands bureau of revenue 720 b tax form-2025

Here's how it works

How to quickly redact 2018 virgin islands bureau of revenue 720 b tax form online

Complete this form in 5 minutes or less

Got questions?

What is the gross receipt tax in the Islands?

Do you pay federal income tax in the US Islands?

How do I file taxes in the US Islands?

Where to file US Islands tax return?

What is the hotel tax in the USVI?

Complete this form in 5 minutes or less

People also ask

Do you have to pay taxes in the US Islands?

virgin islands 720b

Try more PDF tools