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May 1, 2008
VIRGIN ISLANDS GOVERNMENT PAYING 2007 INCOME TAX REFUNDS; MORE THAN $28 MILLION PAID OUT TO DATE Governor John P. deJongh, Jr. said Thursday that to date more than $28.5 million has been paid out in 2007 income tax refunds to Virgin Islands taxpayers. "The Bureau of Internal Revenue has paid refunds to more than 11,000 taxpayers since March 11," deJongh said, adding that approximately $5 million in refunds are being authorized each week. BIR Director Gizette L. Thomas said that prior to the April 15 tax filing deadline, about $5 million in refunds were authorized each week but significantly more refunds will be sent this week in order to meet the June 1st deadline of issuing the bulk of the income tax refunds and avoid the government accruing interest. Thomas reminds Virgin Islands residents that they are required to file their income tax return with the Bureau of Internal Revenue. At the present time, the Bureau does not accept electronic filings. |
