Franchise Taxes Due by June 30th

For Immediate Release       
No. 025-14

May 6, 2014

For More Information Contact:
Shawna K. Richards, Director of Communications
Ph:    (340) 773-6459 ext. 3129
Cell: (340) 642-4778
Fax:   (340) 719-3801
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Franchise Taxes Due by June 30th

Lieutenant Governor Gregory R. Francis is strongly encouraging and reminding corporate citizens to meet the June 30th deadline for franchise taxes and annual filing requirements.   Failure to comply with the annual filing requirements will result in the assessment of penalties and interest, withdrawal of good standing status, or even administrative dissolution.

Titles 13 and 26 of the Virgin Islands Code requires every registered domestic and foreign corporation, LLC, LLP and  LLLP to pay a franchise tax to the Office of the Lieutenant Governor. Non-profit corporations are also required to file Annual Reports and Financial Statements on or before June 30 of every year. 

On Monday, June 30, 2014, offices in both districts will be open from 8:00 a.m. through 5:00 p.m in order to accommodate corporate filings.  In addition, penalties will not be assessed to filings that are postmarked by the June 30 deadline. 

Franchise and annual reports for each entity type are available on the Lt. Governor’s website at

For more information, contact the Division of Corporations and Trademarks at 773-6449 on St. Croix or 776-8515 on St. Thomas.