V.I. Code tit. 33, § 735 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 1 - Miscellaneous Internal Revenue Taxes|Part II - Procedure and Administration|Chapter 21 - Information and Returns|Subchapter III - Information Returns|Article A - Information Concerning Persons Subject to Special Provisions|§ 735. Returns of officers, directors and shareholders of foreign personal holding companies

 Officers and directors  (a) Monthly returns.  (1) On the 15th day of each month each individual who on such day is an officer or a director of a foreign corporation which, with respect to its taxable year preceding the taxable year in which such month occurs, was a foreign personal holding company (as defined in section 552 of the Virgin Islands income tax law), shall make a return setting forth with respect to the preceding calendar month the name and address of each shareholder, the class and number of shares held by each, together with any changes in stockholdings during such period, the name and address of any holder of securities convertible into stock of such corporation, and such other information with respect to the stock and securities of the corporation as the Director shall by forms or regulations prescribe as necessary for carrying out the provisions of this Part or the Virgin Islands income tax law. The Director may by regulations prescribe, as the period with respect to which returns shall be made, a longer period than a month. In such case the return shall be due on the 15th day of the succeeding period, and shall be made by the individuals who on such day are officers or directors of the corporation. (2) Annual returns. On the 60th day after the close of the taxable year of a foreign personal holding company (as defined in section 552 of the Virgin Islands income tax law), each individual who on such 60th day is an officer or director of the corporation shall make a return setting forth— (A) in complete detail the gross income, deductions and credits, taxable income, and undistributed foreign personal holding company income of such foreign personal holding company for such taxable year; and (B) the same information with respect to such taxable year as is required in paragraph (1), except that if all the required returns with respect to such year have been filed under paragraph (1), no information under this subparagraph need be set forth in the return filed under this paragraph. Shareholders  (b) Monthly returns.  (1) On the 15th day of each month each Virgin Islands shareholder, by or for whom 50 percent or more in value of the outstanding stock of a foreign corporation is owned directly or indirectly (including, in the case of an individual, stock owned by the members of his family as defined in section 544(a)(2) of the Virgin Islands income tax law), if such foreign corporation with respect to its taxable year preceding the taxable year in which such month occurs was a foreign personal holding company (as defined in section 552 of the Virgin Islands income tax law), shall make a return setting forth with respect to the preceding calendar month the name and address of each shareholder, the class and number of shares held by each, together with any changes in stockholdings during such period, the name and address of any holder of securities convertible into stock of such corporation, and such other information with respect to the stock and securities of the corporation as the Director shall by forms or regulations prescribe as necessary for carrying out the provisions of this Part or the Virgin Islands income tax law. The Director may by regulations prescribe, as the period with respect to which returns shall be made, a longer period than a month. In such case the return shall be due on the 15th day of the succeeding period, and shall be made by the persons who on such day are Virgin Islands shareholders. (2) Annual returns. On the 60th day after the close of the taxable year of a foreign personal holding company (as defined in section 552 of the Virgin Islands income tax law) each Virgin Islands shareholder by or for whom on such 60th day 50 percent or more in value of the outstanding stock of such company is owned directly or indirectly (including, in the case of an individual, stock owned by members of his family as defined in section 544(a)(2) of the Virgin Islands income tax law) shall make a return setting forth the same information with respect to such taxable year as is required in paragraph (1) of this subsection, except that, if all the required returns with respect to such year have been made under paragraph (1) of this subsection, no return shall be required under this paragraph.