There are no sales taxes in the USVI. There are several other taxes that do apply, however, including the following:
- Real Property Taxes
- Gross Receipts Taxes
- Excise Taxes and Customs Duties
While all of the taxes described here generally apply to USVI businesses, there are exemptions from all of them for exempt companies  and foreign sales corporations. In addition, beneficiaries of the Industrial Development Program are exempt from all of these taxes except for customs duties, where a special one percent rate applies.
Real Property Taxes.
USVI real property is subject to an annual tax at a rate of 1.25% of assessed value. Assessed value is defined by statute to be 60% of actual value.
Gross Receipts Taxes.
The USVI imposes a tax of 4% on the gross receipts of USVI businesses. Businesses with annual gross receipts of less than $150,000 are exempt from tax on their first $5,000 per month of gross receipts.
Excise Taxes and Customs Duties
Articles imported into the U.S. Virgin Islands for use or resale in a trade or business are subject to an excise tax. Because the USVI is outside the U.S. customs zone, foreign (non-U.S.) made goods are also subject to a customs duty which is separate from the U.S. customs duty. The rate of excise tax on most goods is 4%, while the rate on certain products, such as cigarettes, is higher. Alcoholic beverages are subject to a flat rate based on volume. Certain other goods are subject to a lower rate of excise tax, and most tourist items, such as jewelry, watches, crystal, artwork, electronic goods, and leather goods, are exempt entirely. Tourist items are also exempt from the 6% U.S. Virgin Islands customs duty.