Election by taxpayer
(a) An individual entitled to elect to pay the tax imposed by section 3 of the Virgin Islands income tax law whose gross income is less than $5,000 and includes no income other than remuneration for services performed by him as an employee, dividends or interest, and whose gross income other than wages, does not exceed $100, shall at his election not be required to show on the return the tax imposed by section 1 of the Virgin Islands income tax law. Such election shall be made by using the form prescribed for purposes of this section and shall constitute an election to pay the tax imposed by section 3 of the Virgin Islands income tax law. In such case the tax shall be computed by the Director who shall mail to the taxpayer a notice stating the amount determined as payable. In determining the amount payable, the credit against such tax provided for by section 34 or 37 of the Virgin Islands income tax law shall not be allowed. In the case of a head of household (as defined in section 1(b) of the Virgin Islands income tax law) or a surviving spouse (as defined in section 2(b) of the Virgin Islands income tax law) electing the benefits of this subsection, the tax shall be computed by the Director without regard to the taxpayer's status as a head of household or as a surviving spouse.
Regulations
(b) The Director shall prescribe regulations for carrying out this section, and such regulations may provide for the application of the rules of this section to cases where the gross income includes items other than those enumerated by subsection (a) of this section, to cases where the gross income from sources other than wages on which the tax has been withheld at the source is more than $100 but not more than $200, and to cases where the gross income is $5,000 or more but not more than $5,200. Such regulations shall provide for the application of this section in the case of husband and wife, including provisions determining when a joint return under this section may be permitted or required, whether the liability shall be joint and several, and whether one spouse may make return under this section and the other without regard to this section.