81.4 F
Cruz Bay
Sunday, June 23, 2024
HomeNewsLocal newsGovernment Distributes $15 Million in Income Tax Refunds

Government Distributes $15 Million in Income Tax Refunds

The Virgin Islands Department of Finance and the Bureau of Internal Revenue sent out more than 6,000 income tax refunds to residents this week totaling more than $15 million, Government House announced Friday.

The latest disbursement is a continuation of refunds from the 2018 tax year and part of Gov. Albert Bryan Jr.’s pledge to stabilize and restore trust in the Government of the Virgin Islands, according to the news release.

To date, the Bryan-Roach Administration has issued approximately $128.6 million of income tax refunds since Bryan took office in January 2019:
– $29.2 for the Fiscal Year 2019 months the Bryan-Roach Administration was in office
– $68.7 million for FY 2020
– $30.7 million so far in FY 2021

“It is critical that the government pay the debts it owes to residents, and this administration remains focused on that obligation even as we continue to maintain our economy from the financial ravages of the COVID-19 pandemic,” Bryan said in Friday’s statement. “We will continue to honor that obligation until we are able to bring the GVI current on what it owes the people.”

Print Friendly, PDF & Email
Keeping our community informed is our top priority.
If you have a news tip to share, please call or text us at 340-228-8784.

Support local + independent journalism in the U.S. Virgin Islands

Unlike many news organizations, we haven't put up a paywall – we want to keep our journalism as accessible as we can. Our independent journalism costs time, money and hard work to keep you informed, but we do it because we believe that it matters. We know that informed communities are empowered ones. If you appreciate our reporting and want to help make our future more secure, please consider donating.