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Committee approves 90‑day tax amnesty to waive penalties on property, income and gross‑receipts taxes
Summary
The Rules and Judiciary Committee amended and voted to advance a 90‑day amnesty (Bill 36‑0083) allowing waiver of penalties and interest for taxpayers who file and pay outstanding property, income and gross‑receipts taxes during the period; sponsors expect the move to increase voluntary compliance and revenue.
The Committee on Rules and Judiciary on Oct. 23, 2025 approved an amended version of Bill No. 36‑0083 to establish a 90‑day amnesty period for the waiver of penalties and interest on outstanding taxes if taxpayers file required returns and pay outstanding balances during the amnesty window.
The substitute amendment directs the director of the Virgin Islands Bureau of Internal Revenue to establish the 90‑day amnesty within 10 days of the act’s effective date and…
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