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Print Form 722 V.I. (REV. 01//2012) Government of the U. S. Virgin Islands BUREAU OF INTERNAL REVENUE Hotel Room Tax Return Employer Identification Number (EIN) CURRENT MONTH (MM) 20 Social Security
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What is hotel room tax return?
Hotel room tax return is a form used by hotels to report and remit taxes collected on room rentals.
Who is required to file hotel room tax return?
Any hotel or lodging establishment that collects room rental taxes is required to file hotel room tax return.
How to fill out hotel room tax return?
To fill out hotel room tax return, a hotel must report the total room rental revenue, calculate the tax owed, and submit the payment along with the form.
What is the purpose of hotel room tax return?
The purpose of hotel room tax return is to ensure that hotels are properly collecting and remitting room rental taxes to the appropriate taxing authorities.
What information must be reported on hotel room tax return?
Hotels must report total room rental revenue, calculate the tax owed, and provide any additional information requested on the form.
When is the deadline to file hotel room tax return in 2023?
The deadline to file hotel room tax return in 2023 is typically the last day of the month following the end of the quarter.
What is the penalty for the late filing of hotel room tax return?
The penalty for late filing of hotel room tax return may vary depending on the jurisdiction, but typically includes a fine or interest charges on the overdue taxes.
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