Virginia

Corporate income tax

Form 500 is due on or before the 15th day of the 4th month following the close of the taxable year (Va. Code 58.1-441); nonprofit corporations reporting unrelated business income file by the 15th day of the 6th month. Flat rate of 6% of Virginia taxable income.

Extension. Automatic 7-month filing extension for C corporations (calendar-year extended date November 15); automatic 6-month extension for nonprofit...

Partnerships and S corporations

Virginia has an elective pass-through entity tax (PTET), Va. Code 58.1-390.3: a qualifying PTE may elect annually on its timely filed return to pay 5.75% on Virginia taxable income attributable to eligible owners (individuals, estates, trusts), who get a refundable credit. Filed on Form 502PTET, due the 15th day of the 4th month after year end with an automatic 6-month extension; quarterly estimated payments required beginning tax year 2023; must be filed and paid electronically. Retroactive TY2021 elections were due by September 16, 2024. Sunset history: originally taxable years 2021-2025; 2025 c.725 extended the sunset one year (to taxable years beginning before January 1, 2027); the 2026 Amendments to the 2025 Appropriation Act (2026 c.7) removed the sunset entirely -- per the Department's 2025 Form 502 instructions, 'the PTET becomes permanent and does not expire after Taxable Year 2026,' and the current statute text contains no end date. Separately, every PTE must withhold 5% Virginia income tax on nonresident owners' Virginia-source income unless it files a composite return (Form 765) or the owner is exempt.

Retail sales and use tax

Due date. Returns and payment are due on or before the 20th day of the month following the close of the filing period, for both monthly and quarterly filers (Va. Code 58.1-615; delinquent on the 21st per 58.1-616). Quarterly returns are due April 20, July 20, October 20, and January 20. A return must be filed for every period even if no tax is due. Weekend/holiday due dates move to the next business day.

Filing frequency. Virginia Tax assigns each dealer a monthly or quarterly filing frequency based on its tax liability; the statute lets the Tax Commissioner authorize less-frequent filing 'when administratively beneficial,' and the regulation (23VAC10-210-480) says a dealer 'may be notified by the Department of Taxation to file ... on a basis other than monthly.'

Prepayments. None currently. The former Accelerated Sales Tax (AST) payment -- a June payment of 90% of the prior June's liability required of large dealers (most recently those with taxable sales of $4 million or more) -- was repealed by the 2021 Appropriation Act for periods beginning after June 30, 2021; Tax Bulletin 22-10 (June 22, 2022) confirmed no AST payment was due in June 2022 or after.

Notes

Virginia imposes no franchise tax, no general corporate minimum tax, and no state LLC fee on ordinary businesses; industry-specific minimum taxes exist only for telecommunications companies, electric suppliers, and home service contract providers (Form 500 Schedules 500T/500EL/500HS). The local Business, Professional and Occupational License (BPOL) tax and the State Corporation Commission annual report/registration fee are local/SCC filings, not Department of Taxation filings, and are outside this dataset.