Corporation Franchise Tax Due (Foreign Corporation)

GOVERNMENT OF THE VIRGIN ISLANDS OF THE UNITED STATES OFFICE OF THE LIEUTENANT GOVERNOR DIVISION OF CORPORATION AND TRADEMARKS TEL. (340) 776-8515 FAX. (340) 776-4612 TEL (340) 773-6449 FAX (340) 773-0330 REPORT OF CORPORATION FRANCHISE TAX DUE PURSUANT TO TITLE 13, SECTION 531, VIRGIN ISLANDS CODE FOREIGN CORPORATION (THIS REPORT DUE ON OR BEFORE JUNE 30 OF EACH YEAR) EMPLOYER I.D. No. .............................. Date of Report: ........................................................... Date of Last Report: .................................................... This Report is for the Period Ended June 30th, ....................... 1.) NAME OF CORPORATION: ........................................................................................................................... (a) (b) (c) Address: Date of Incorporation: Kind of Business: When last report filed............................................................ On the date of this report ....................................................... As shown on last report filed .................................................. Additional capital paid in since last report .................................. Sum of (a) and (b)........................................... Paid-in Capital withdrawn since last report ................................... Paid-in Capital Stock at date of this report .................................. HIGHEST TOTAL PAID-IN STOCK DURING REPORTING PERIOD .................................................. .................................................. $ .................................................. $ .................................................. $ .................................................. $ .................................................. $ .................................................. $ .................................................. 2.) AMOUNT OF CAPITAL STOCK AUTHORIZED: (a) (b) 3.) AMOUNT OF PAID-IN CAPITAL STOCK USED IN CONDUCTING BUSINESS: (a) (b) (c) (d) (e) (f) 4.) PROPORTION OF CAPITAL STOCK USED IN CONDUCTING BUSINESS IN THE VIRGIN ISLANDS: The following items report figures as of (Date) ..................................... For the first report, the reporting Corporation may choose to use (a) the date of the latest Balance sheet of the Corporation, or (b) the close of the latest fiscal year of the Corporation. Subsequent annual reports filed must use the same date as shown in the first report. (a) (b) (c) (d) Total Gross Assets of the Corporation ....................................... Total Gross Assets of the Corporation used in conducting business in the Virgin Islands Proportion of Gross Assets used in Virgin Islands to Total Gross Assets of the Corporation................................................................. Capital Stock Used in Conducting Business in the V.I. (the percentage in 4 (c) above applied to 3 (f ) above)........................................... At rate of $1.50 per M (fractions of a thousand disregarded) on highest total paid-in capital stock as reported on line 4 (d) above $............. TAX DUE: (Above figure, or $150 whichever is greater ) $............. $ ................................................... $ ................................................... $ ................................................... $ ................................................... 5.) COMPUTATION OF TAX: (a) (b) $ ................................................... 20% or $50.00 penalty whichever is greater for failure to pay by June 30th $............... 1% interest compounded annually for each month or part thereof by which payment is delayed beyond June 30th................................................ $............... (c) TOTAL PENALTY AND INTEREST $................................................... TOTAL DUE AND FORWARDED HEREWITH (Sum of (5) and (6) $__________________________________ 7. ) (Attach checks payable to the Government of the Virgin Islands.) Certified Correct (a) (b) ____________________________________________ Treasurer _____________________________________________ President American LegalNet, Inc. www.FormsWorkflow.com 6.) PENALTY AND INTEREST FOR LATE PAYMENT: INSTRUCTIONS FOR THE REPORT OF CORPORATION FRANCHISE TAX DUE FOREIGN CORPORATION 1. NAME OF CORPORATION: Indicate the full legal name of the corporation as it appears on the Articles of Incorporation. (a) Indicate both mailing and physical addresses. (b) Indicate the filing date of the original articles of incorporation. (c) Indicate the activity that is the source of your revenue. You may use the description on your Virgin Islands business license. AMOUNT OF CAPITAL STOCK AUTHORIZED: Authorized capital stock is found within your Articles of Incorporation and it may or may not be fully issued. (a) Indicate the amount of capital stock as of your last report. (b) Indicate the amount of capital stock as of the date of this report. 2. Any amendments to the Articles of Incorporation should be filed with the Office of the Lieutenant Governor, Division of Corporation and Trademarks. 3. AMOUNT OF PAID-IN CAPITAL STOCK SUED IN CONDUCTING BUSINESS: For purposes of Title 13 V.I.C. Section 531, Capital Stock includes the PAR VALUE of any stock issued plus any additional PAID-IN CAPITAL as shown in the financial statements prepared with thee generally accepted accounting principles. (a) Indicate the total amount of paid-in capital stock from your last report. (b) Indicate any increase in paid-in capital since the last report. Increases can arise from the issuance of new shares, contributions of additional capital by existing shareholders, mergers, reorganizations, etc. (c) Add lines 3(a) and 3(b). Enter the sum on this line. (d) Indicate any withdrawal of capital since the last report. (e) Subtract lines 3(d) and 3(c). This amount should equal amounts shown on the balance sheet filed with the Annual Report required in accordance with Title 13 V.I.C., Section 373. (f) Indicate the highest amount of Capital during the reporting period. PROPORTION OF CAPITAL STOCK USED IN CONDUCTING BUSINESS IN THE U.S.VIRGIN ISLANDS: In order to calculate the franchise tax due, foreign corporation must a proportion its Highest Total Paid-in Capital based on the ratio of Total Gross Assets used in the U.S. Virgin Islands to the Total Gross Assets of the corporation. (a) Indicate the total gross assets of the corporation as shown on the Balance Sheet prepared in accordance with the generally a