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Virgin Islands Law Blog

Virgin Islands Law Blog

Covers U.S. Virgin Island law and politics. By Tom Bolt.

http://lawblog.vilaw.com/
  • Jun 30

    C Corps and S Corps Have Different Tax Implication

    C Corps and S Corps Have Different Tax Implication
    Whenever a new business is founded, the entrepreneur must decide what type of company it will operate us. Two of the most common choices are C Corps and S Corps—each of which has its own advantages. The choice you make depends largely…
  • Jun 20

    What You Should Know if You Owe Money to the VI Bureau of Internal Revenue

    What You Should Know if You Owe Money to the VI Bureau of Internal Revenue
    Whenever you or your business owes money to the Virgin Islands Bureau of Internal Revenue (BIR), it is important to ensure you comply with all federal and territorial laws to avoid significant legal complications. Remember, there’s no…
  • Jun 16

    VIRGIN ISLANDS MINIMUM WAGE INCREASES TO $8.35 PER HOUR

    VIRGIN ISLANDS MINIMUM WAGE INCREASES TO $8.35 PER HOUR
    Earlier this year, the Legislature of the Virgin Islands approved an increase of the minimum wage in the territory to $8.35 per hour, pursuant to Act No.7856, which by June 1, 2018 will increase up to $10.50 per hour. The $8.35 increase takes…
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