United States' Virgin Islands

USVI image 2In January of this year, ARDA-Caribbean formed a partnership with the U.S. Virgin Islands Hotel and Tourism Association (USVI-HTA) and successfully defeated Governor de Jongh, Jr.’s $10 per day timeshare rental and exchange fee.

ARDA-Caribbean supported the USVI-HTA’s position regarding the Governor’s proposed 2% transient occupancy tax (TOT) increase from 8% to 10% based upon a statutory or regulatory guarantee that additional tax revenues will be used solely for tourism promotion and marketing of the U.S. Virgin Islands and also with the understanding that the TOT will be applied only to transient rentals of timeshares.

Following this legislative victory, on June 15, 2011 ARDA-ROC hosted a reception and presentation for Members of the 29th USVI Legislature. An ARDA-ROC representative presented information that showed new taxes and regulations on the hospitality industry would only hurt the territories already shrinking GDP ultimately resulting in less overall tax revenue collections. Special thanks to ARDA-ROC for sponsoring the event and to the HOA, local resort operator, property manager, resort developer and exchange company representatives who attended.

We continue to monitor legislative activity that may be harmful to timeshare. ARDA-Caribbean is also working to ensure the tax assessor properly implements ARDA and ARDA-ROC supported property tax regulations. Last, the USVI Senate recently passed a pro-timeshare OPC bill. It is now awaiting the Governor's approval.

| USVI Hotel and Tourism Association |

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