Extension of time for paying tax

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    • Amount determined by taxpayer on return

      • (a) The Director, except as otherwise provided in this subtitle or the Virgin Islands income tax law, may extend the time for payment of the amount of the tax shown, or required to be shown, on any return required under authority of this subtitle or of the income tax law of the Virgin Islands (or any installment thereof), for a reasonable period not to exceed 6 months from the date fixed for payment thereof. Such extension may exceed 6 months in the case of a taxpayer who is abroad.

    • Amount determined as deficiency

      • (b) Under regulations prescribed by the Director, the Director may, in the case of a tax imposed by chapter 1 of the Virgin Islands income tax law, extend the time for payment of the amount determined as a deficiency for a period not to exceed 18 months from the date fixed for payment of the deficiency, and, in exceptional cases, for a further period not to exceed 12 months.

        An extension under this subsection may be granted only where it is shown to the satisfaction of the Director that the payment of a deficiency upon the date fixed for the payment thereof will result in undue hardship to the taxpayer. No extension shall be granted if the deficiency is due to negligence, to intentional disregard of rules and regulations, or to fraud with intent to evade tax.
    • Claims in bankruptcy or receivership proceedings

      • (c) Extensions of time for payment of any portion of a claim for tax under chapter 1 of the Virgin Islands income tax law, allowed in bankruptcy or receivership proceedings, which is unpaid, may be had in the same manner and subject to the same provisions and limitations as provided in subsection (b) of this section in respect of a deficiency in such tax.


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