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TAX INCENTIVES IN AMERICA’S CARIBBEAN

U.S. Virgin Islands Tax Incentive Programs: Transforming Business Outlooks

  • 90% reduction in corporate income tax
  • 90% reduction in personal income tax
  • 100% exemption on gross receipt tax
  • 100% exemption on business property tax
  • 100% exemption on excise tax payments
  • Reduction in the customs duty from the standard 6% to 1%
  • Tax reduction on royalty income from software developed in the USVI and sold to non-US customers
  • Availability of rental space at below-market rates in the St. Croix and St. Thomas Industrial Parks
 
 
 
 
 
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