(a) administer and enforce the laws imposing corporate and individual income taxes, gross receipts, trade and excise taxes, production taxes, gift taxes, highway users' taxes, hotel occupancy taxes, inheritance taxes, fuel taxes, miscellaneous excise taxes, and all laws relating thereto;
(b) take such steps as may be necessary and lawful to fully enforce and collect the tax revenues owed the Government of the United States Virgin Islands;
(c) employ personnel, on contract or subject to laws applicable to the Virgin Islands Personnel Merit System, to assist in carrying out its powers and duties;
(d) provide for the collection of a surety bond from each employee of the Bureau who is required to certify, disburse, or handle public monies;
(e) promulgate, pursuant to Virgin Islands law, such rules and regulations as may be necessary to carry out the provisions of this chapter;
(f) report from time to time, but not less than once annually, to the Governor and the Legislature on the operations of the Bureau, and recommend changes in existing law that would assist the Bureau in efficient tax collection;
(g) by the fifteenth calendar day after the last day of each month, report to the Governor, the Legislature, the Commissioner of Finance and the Director of the Office of Management and Budget the total revenues collected for such month and the tax categories under which the revenues were collected;
(h) perform such other duties as may be assigned by law;
(i) restructure and create, in accordance with existing law, such divisions and units within the Bureau as the Director deems necessary for the proper administration of the Bureau; and
(j) report to the Commissioner of Licensing and Consumer Affairs Administration any instance in which a person, corporation, or association licensed to do business in the Virgin Islands has willfully claimed an exemption from any excise tax, gross receipts tax, or customs duty, knowing such claim to be false.