Rates & additional benefits
The page states EDC incentives including a 90% reduction in personal income tax, 90% reduction in corporate income tax, 100% excise-tax exemption, 100% business-property-tax exemption, 100% gross-receipts-tax exemption, and customs duty reduced from 6% to 1%.
Production type & commercial eligibility
Commercials not confirmed. The page says production companies and studios may be eligible for EDC tax reductions, but it does not expressly establish eligibility for commercials or advertising productions under the EDC incentives.
Qualifying expenditure
The official page states a minimum investment of $100,000, exclusive of inventory.
Labor & residency
The official page states a minimum of at least 10 USVI-resident employees who have been residents for one year, or five for Category IV designated services; it does not state ATL/BTL, compensation, loan-out, or withholding rules.
Application timing
Not stated in the cited sources. Confirm this requirement with the administering agency.
Caps & funding conditions
Not stated in the cited sources. Confirm this requirement with the administering agency.
Audit requirements
Not stated in the cited sources. Confirm this requirement with the administering agency.
Receiving the incentive
Tax reductions and exemptions are described; the official source does not state transferability, refundability, buy-back terms, or haircuts.
Program dates
- Effective date
- Not stated
- Program end date
- Not stated
A program end date is not necessarily an application deadline.