2019 U.S. Virgin Islands Code
Title 13 - Corporations and Associations
Chapter 12 - Virgin Islands Foreign Sales Corporation
§ 778. Exemption of VIFSCs from certain withholding taxes
Universal Citation:
V.I. Code tit. 13, § 778 (2019)
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An VIFSC shall be exempt from the requirements of sections 1441 and 1442 of the Internal Revenue Code (as it applies in the United States Virgin Islands) to withhold the tax imposed by sections 871(a)(1) and 881 of the Internal Revenue Code (as it applies in the United States Virgin Islands) with respect to payments exempt from tax under section 777 of this chapter.
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