, 1958-05-24

AVIS ..#s4#@ .#
ness shall be the net invoice value, not,including charges,
plus mark-up Of fvet5eoJp per cent. The excise tax shall
be computed on thisvahle atfhe.rates set forth in sub-see-
ton 3(a) Of this law orthe purpose of this tax, the value
OF all other articles, goods, merchandise and commodities
shall be the selling price charged in the course of trade or
business by ~theperson taxed ,. sy
fe4 Where an article is sold more than once in the
course of trade or business, its value shall be inclQdedin
the excise tax calculation undor this section. Of the manu-
facturer, importer, or other first seller in the Virgin
LANDS. .. ..-.@..
SECTION (aD. All persons engaged in business,
~. uJin1 those trading in articles, goods merchandise or
c,n7n7od;5iee shall paw a tax Of one 1ao) per cent, on the
gross receipts of such business. the proceeds Of which shah
be covered into the GENERAL FUND Of the Treasury of
the Virgin Islands. This section shall not apply to artisans,
tradesnen, or professionals, such as are COMMONLY under
stood to include doctors, lawyers, engineers, BARRIERS, etc,
selling their skils or services on an individual and per
sonal basis and producers within the Virgin Islands of
livestock and agricultural products; PROVIDED, That all
persons engaged in business whose gross recaints are
less than three hundred $4,000 dollars per month shall Be
exempt fromthe gross receipts tax levied in this section.
SECTION 5 Ia. Every person, partnership, firm
corporation or other business association required to pay
tax under the provisions of the two previous sections Of
this law shall file a report monthly with the Tax Division,
Of the Department of Finance, on forms to be provided by
said Division, showing the dollar value of his taxable inn
ports and the total dollar value of his gross receipts to-
gether with invoices covering said taxable imports and
such other records as may be required by the Department
OF Finance, and accompanied by payment to cover the
amount Of taxes due on said reports for the period. The
reports and payment for each calendar month shall be due
thirty 800 days after the end of such month.
() Upon receipt by the Tax Division of the reports
and invoices required to be submitted by taxpayers I'M
der subsection 5(a) Of this law, the Head of the Tax Divi-
sion shall cause said reports to be examined and the ap-
plicable tax computed. He shall thereafter notify the tax
payer and the Commissioner Of Finance of any deficiency
that may be due thereon and after such notice, the amount
Q fthe deficiency plus penalties shall be a lien in favor of
the Government of the Virgin Islands upon all property
or rights to property, whether real or personal, belonging
to such taxpayers and the amount may be collectacftX
seizure and sale of such property. l%-a@.r
SECTION 6 (a). Every person. partnerships firm
corporation, or other business association falling to file
reports, or pay the total amount OF tax within the time.
five $50 per cent per month or any fraction, Of q month.
If at the end of any month the tax remains unpaid, the
penalty shall be added to the tax and al additiaanaal ppefttaltyy+
of five (5@) per cent computed on the total amount due for
taxes nlls ~nena1ties ProvideffThat If 2fha axcisas faaY re-