BIR Reminds Businesses of Excise Taxes Due on Post Office Packages

The V.I. Bureau of Internal Revenue (BIR) reminds the business community that items imported into the territory via the United States Postal Service for sale or disposition of a business transaction are subject to excise taxes.  The Bureau normally notifies taxpayers regarding the shipments received via the postal service and instructs them on how to make the payment.

“Business owners are expected to file and pay the correct amount of excise tax due within 30 days following the month during which the item was imported,” said Marvin L. Pickering, director of the BIR.  Failure to pay the excise tax that is owed will result in more aggressive collection efforts. 

Taxpayers with questions about the excise taxes should contact Glenford Hodge or Gail Galloway at 715-1040.

Print Friendly, PDF & Email

Advertising (skip)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Support the VI Source

Unlike many news organizations, we haven't put up a paywall - we want to keep our journalism as open as we can. Our sites are more popular than ever, but advertising revenues are falling - so you can see why we could use your help. Our independent journalism costs time, money and hard work to keep you informed, but we do it because we believe that it matters. If everybody who appreciates our reporting efforts were to help fund it for as little as $1, our future would be much more secure. Thanks in advance for your support!