Title 33 VIC § 43 • Form 720 VI • BIR USVI 🇻🇮

USVI Gross Receipts Tax (GRT) Calculator

Compute monthly and annual Gross Receipts Tax (GRT) obligations under Title 33, Section 43 of the Virgin Islands Code (33 VIC § 43) at the statutory 5.0% rate, incorporating the $9,000 monthly small business exemption.

$

Total revenue from all commercial activities before any deductions

33 VIC § 43: Businesses earning ≥ $225k lose the $9k monthly deduction

BIR Form 720 VI Tax Assessment

Gross Receipts Tax (5%)
$0.00
Monthly Payment Due
Statutory Exemption
$9,000.00
33 VIC § 43 Allowance
Net Taxable Receipts
$0.00
Subject to 5% Tax
Gross Stated Receipts: $0.00
Monthly Statutory Small Business Deduction: -$9,000.00
Statutory GRT Tax Rate: 5.0%
Total Gross Receipts Tax Payable to BIR: $0.00

📊 US Virgin Islands Statutory Breakdown Matrix (BIR, DLCA & WAPA)

Statutory Component / Legal Deduction Item Calculated Amount (USD)
Primary Net / Statutory Payable Amount $0.00
MS

Engr. Muhammad Shahzad

Principal Financial Systems Architect & United States Virgin Islands Statutory Specialist

Lead software and systems architect specializing in high-performance browser computing, algorithmic validation, financial models, and zero-telemetry client-side privacy architecture.

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