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Villa Tax Increase
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mark & susan
- Posts: 99
- Joined: Thu Aug 24, 2006 4:35 pm
- Location: Frederick, Maryland
Villa Tax Increase
From On St. John
Two villa taxes going up
May 9th, 2011
Villa taxes affecting both owners and renters are going up a bit.
The gross receipts tax, paid by owners on rental income in excess of $9,000 a month, is now 4.5 percent effective May 1, up from 3.5 percent.
And the Virgin Islands hotel tax, paid by renters, will go from 8 percent to 10 percent as of January 1, 2012.
Not that we’d like to give the Governor any ideas, but that’s still a relatively low hotel tax. (DC: 14.5 percent, Chicago: 15.4 percent, Honolulu: 14 percent.)
“These are difficult times, and the tourism industry is certainly on the front lines of our territory’s economic challenges,” Governor John deJongh told hotel operators recently.
The territory will also raise the per passenger tax it collects from cruise ships by another $1 after the first of the year.
Two villa taxes going up
May 9th, 2011
Villa taxes affecting both owners and renters are going up a bit.
The gross receipts tax, paid by owners on rental income in excess of $9,000 a month, is now 4.5 percent effective May 1, up from 3.5 percent.
And the Virgin Islands hotel tax, paid by renters, will go from 8 percent to 10 percent as of January 1, 2012.
Not that we’d like to give the Governor any ideas, but that’s still a relatively low hotel tax. (DC: 14.5 percent, Chicago: 15.4 percent, Honolulu: 14 percent.)
“These are difficult times, and the tourism industry is certainly on the front lines of our territory’s economic challenges,” Governor John deJongh told hotel operators recently.
The territory will also raise the per passenger tax it collects from cruise ships by another $1 after the first of the year.