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Charlotte Amalie
Friday, May 20, 2022
HomeNewsLocal newsV.I. Distributes $15 Million in Income Tax Refunds

V.I. Distributes $15 Million in Income Tax Refunds

The Virgin Islands Department of Finance and the Bureau of Internal Revenue sent out more than 6,000 income tax refunds to residents this week totaling more than $15 million, Government House announced Friday.

The latest disbursement is a continuation of refunds from the 2018 tax year and part of Gov. Albert Bryan Jr.’s pledge to stabilize and restore trust in the Government of the Virgin Islands, according to the news release.

To date, the Bryan-Roach Administration has issued approximately $128.6 million of income tax refunds since Bryan took office in January 2019:
– $29.2 for the Fiscal Year 2019 months the Bryan-Roach Administration was in office
– $68.7 million for FY 2020
– $30.7 million so far in FY 2021

“It is critical that the government pay the debts it owes to residents, and this administration remains focused on that obligation even as we continue to maintain our economy from the financial ravages of the COVID-19 pandemic,” Bryan said in Friday’s statement. “We will continue to honor that obligation until we are able to bring the GVI current on what it owes the people.”

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The Virgin Islands Department of Finance and the Bureau of Internal Revenue sent out more than 6,000 income tax refunds to residents this week totaling more than $15 million, Government House announced Friday. The latest disbursement is a continuation of refunds from the 2018 tax year and part of Gov. Albert Bryan Jr.’s pledge to stabilize and restore trust in the Government of the Virgin Islands, according to the news release. To date, the Bryan-Roach Administration has issued approximately $128.6 million of income tax refunds since Bryan took office in January 2019: – $29.2 for the Fiscal Year 2019 months the Bryan-Roach Administration was in office – $68.7 million for FY 2020 – $30.7 million so far in FY 2021 “It is critical that the government pay the debts it owes to residents, and this administration remains focused on that obligation even as we continue to maintain our economy from the financial ravages of the COVID-19 pandemic,” Bryan said in Friday's statement. “We will continue to honor that obligation until we are able to bring the GVI current on what it owes the people.”