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U.S. Virgin Islands – New Legislation

Bill No. 33-119 (Act No. 8258) signed by the governor January 18 requires initial business licenses to be issued within 3 days of an application with payment of a $200 expedited service fee. 

Bill No. 33-219 (Act 8271) signed by the governor January 18 establishes a 180-day amnesty period for waiver of penalties for outstanding income taxes and waiver of interest and penalties for payment of outstanding gross receipt taxes and real property taxes.