, 1957-03-15
NOTICE


TO INCOME TAXPAYERS IN THE VIRGIN ISLANDS
Ono or before April Is, 1857 an Income Tax Return must
be filed by every citizen of the United States or resident OF
the Virgin Islands whose gross income for. 1856 was $6OOOO
or more = 100000 or more in the case of those individuals
who were IS years before the close of the taxable year. Indi-
viduals who earn income in the Virgin Islands will file their
returns and pay their taxes here, as before; however, Public
Law SIT, 83rd Congress, End Session requires, also, that an
Individual who claims the Virgin Islands as his residence rs
now required to file a return and pay his income taxes to the
Virgin Islands on income from all sources (both within and
outside of the Virgin Islalnds) A taxpayer has no option in
the matter. The total amount of the tax due on the return to
the Income Tax Division, Department of Finance, Charlotte
Amalie, St. Thomas, or Christiansted, St. Croix, Virgin IS
lands.
Every citizen or resident shall make a declaration of esti-
mated tax if () his gross income can reasonably be expected
to consist of more than wages subject to Withholding and can
reasonably be expected to exceed 100000 for asingle indivi-
dual or a married person filing a, separate declaration
100000 for a person qualified as head of a household or
surviving widow or Widower, and $5,O00000 in the cases of a
married person who files a joint declaration and the total
income of both husband and wife can reasonably be expected
to exceed $%10,O00OO; or, b) the gross income can reasonably
be expected to include more than $4,000 from sources other
than wages subject to withholding and can reasonably beck
'pected to exceed the sum of $4,000 multiplied by the mum
Der Of exemptions; plus 100000. The Declaration musts be
filed on or before April Is, 1857 and the tax may be paid
in full with the Declaration or in equal installments June Is,
1857, September 16, 1857 and January IS, 1858.
Regulations covering the filing of Returns by Corpora
I1onS nave not clduSeu. 4uey IL Sill required W uOlnC
income tax returns no later than the 18th day of the third
month after the close of the taxable year, March 18th, in the
case of corporations closing their year in December 31st. If
the taxable year ends after 12/31/56 the Corporation tax must
be paid in two installments - 500 no later than three months
thereafter.
Extensions for filing returns and paying the taxes have
been a problem of growing proportions, therefore we find it
necessary to restrict the granting of extensions in the future
to meriorious cases. Extensions will be granted only in cases
where adequate reasons are set forth in detail, and incom-
Iplete requests will be denied.
Furthermore, it will be necessary for us to limit the
the time and type of assistants we can offer to taxpayers in
order that we may adequately perform other functions of the
division. Employees of the Tax Division will assist taxpayers
in preparing their income tax returns only on Tuesdays, We'd
nesdays and Thursdays, and such assistance will be limited
to preparation of forms 1040A or short form returns, April 8 =
II, 1857. Blank forms may be secured from the office of the
Tax Division or the Trade Tax Booth in the Post Office. Tax
payers are requested to file their returns early andbe sure
they are complete and signed.
Isl Percy de Jongh
Commissioners of Finance