The excise tax is based on the net invoice value of such merchandise, plus a markup of five (5%) percent. Rates of the tax depend upon the applicable tax category, and can range anywhere from two (2%) percent to twenty-five (25%) percent.
ExciseWeb is the Bureau of Internal Revenues web-based portal where taxpayers can enter, prepare, submit and print their 721 (Tax Returns) on-line. Taxpayers must first register to use ExciseWeb before they can begin filing their 721 (Tax Returns). Registration requires that each user create a valid account. Eventually, taxpayers will also be able to pay their 721 (Tax Returns) on-line instead of having to come into the Excise Tax office.
OPTION 1: Individual Shipments
Customs & Excise Tax Clearance $35.00
Monetary disbursement on duty charge for foreing made items$10.00
Total for service$45.00
Excise Tax only* $20.00
OPTION 2: Business Shipments
Customs & Excise Tax Clearance$40.00
Monetay Disbursement for excise tax$10.00
Monetary Disburrsement charge for customs duty charges on foreign made items$10.00
Entry free$40.00
Additional lines on entry ($3,00 new line)$3.00
Total for service$103.00
Business excise tax only service* $20.00
* This declaration can do for yourself. More info here.
The taxes of your purchase are not included in these rates, the total amount of the taxes will be calculated by customs in destination.
When you receive the merchandise at destination, you will only have to contact our external collaborator, make the payment of customs services and pick-up your order.
Instructions to prepare the 721 form online
1. Login (or subscribe) in the Virgin Islands Bureau of Internal Revenue
Enter to https://excise.bir.vi.gov//
Login or subscribe in the website if you have never done a custom declaration.
To subscribe, you must indicate: if you are an invidual tax payer or a corporate one, your SSN, your contact adress and your name (it must be the same as on the invoice)
Create a new 721 (Tax Returns)
2. Complete Excise and Container
Fill in the importer & BOL/AWB information (with charger information and B/L document).
Add the information about the items that appear in the invoice.
Add the Item no. of this transaction.
3. Attach the documentation, review and submit
Attach the invoice and the B/L document used for this declaration.
Check the declaration done and click Submit
Include the payment method and print the draft declaration
Need more information?
Please, check these links:
https://www.youtube.com/channel/UCEmyrGSIzhcHc044_aNRGYw