In the US Virgin Islands, productions are entitled to special exemptions from excise taxes, duties and bonds on shipments by air or ocean freight of equipment, supplies, props, and accessories. A critical service of Virgin Locations is to shepherd and file US Customs Clearance of Temporary Importations (TI).
A “country” entry fee or film permit is not required in the USVI.
CONVENTIONAL FILM INCENTIVES
Up to 46% combined transferable tax credits AND cash rebates
- Minimum spend of $250,000
- Minimum of 20% local resident hires (including crew, extras, actors and maximum of three (3) paid interns.
- Include credits, i.e. “Made in the USVI” or “Portions Made in the USVI” and other acknowledgements
- Above-the-line-crew member speak at local school or university.
|Local Hires||Transferable Tax Credit||Cash Rebate||Note|
|25.1 -30%||15%||+ 10%||With USVI promotion|
|30.1% +||17%||+ 10%||Produced in St. Croix|
|Hotel tax waivers also applied from 1.5% to 8% based on hotel room nights/spend.|
Economic Development Commission (EDC) benefits are also available to production entities that establish long-term operations and/or presence in the USVI. Such companies may be eligible for 90% tax relief through the EDC.