Corporate and pass-through income tax, the elective PTET, sales tax, payroll, annual registration and local BPOL and property taxes, with deadlines calculated for your fiscal year.
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Quarterly wage and tax reports are due the last day of the month after each quarter. Details →
Due January 31 with all W-2s, filed electronically. Details →
The Business, Professional and Occupational License tax is set by each locality and based on gross receipts. Details →
S corporations, partnerships and multi-member LLCs file Form 502 by the 15th day of the 4th month after year-end. Details →
The election is made each year by filing Form 502PTET. Details →
Your filing frequency is assigned by Virginia Tax based on how much you withhold. Details →
It is due by the last day of the month in which the entity was formed or registered in Virginia. Details →
Virginia taxes C corporations at a flat 6%. S corporations, partnerships and LLCs taxed as partnerships file an information return and their owners pay individual income tax at rates up to 5.75%.
C corporations pay 6% of Virginia taxable income. Form 500 is due the 15th day of the 4th month after year-end. An automatic 6-month extension to file is available, but at least 90% of the tax must be paid by the original due date.
Required if expected Virginia tax exceeds $1,000. Installments are due the 15th day of the 4th, 6th, 9th and 12th months of the tax year.
S corporations, partnerships and multi-member LLCs file Form 502 by the 15th day of the 4th month after year-end. Income passes through to owners. The entity may need to withhold tax for nonresident owners.
Single-member LLCs and sole proprietors report business income on the owner's Virginia individual return, due May 1 for calendar-year filers. Top rate is 5.75%.
The elective PTET lets the entity pay Virginia tax at 5.75% so owners can deduct it federally, outside the individual SALT cap.
The election is made each year by filing Form 502PTET. Virginia's 2025 budget extended the election to tax years beginning before January 1, 2027, so 2026 is currently the last year. Owners claim a refundable credit for their share. Model this against the higher federal SALT cap before electing.
Every state deadline in this guide on one page, ready to print or add to your calendar.
Virginia's general rate is 5.3% (4.3% state plus 1% local). Several regions add a regional tax.
Rates are 6% in Northern Virginia, Hampton Roads, Central Virginia and some other regions, and 7% in the Historic Triangle. Returns are due the 20th of the month after each filing period. Register with Virginia Tax before your first taxable sale.
Virginia employers withhold state income tax and pay state unemployment tax through the Virginia Employment Commission (VEC).
Your filing frequency is assigned by Virginia Tax based on how much you withhold.
Due January 31 with all W-2s, filed electronically.
Quarterly wage and tax reports are due the last day of the month after each quarter.
Virginia entities pay an annual registration fee to the State Corporation Commission. Most cities and counties also levy BPOL and business property taxes.
It is due by the last day of the month in which the entity was formed or registered in Virginia. LLCs pay $50. Corporations pay based on authorized shares, starting at $100. Nonstock (nonprofit) corporations pay $25.
The Business, Professional and Occupational License tax is set by each locality and based on gross receipts. Most localities require renewal by March 1. Check your city or county commissioner of the revenue.
Furniture, equipment and computers used in the business are taxed locally. Return and payment dates vary; many localities use March 1 or May 1 for returns.
Federal exemption covers most Virginia income tax, but sales tax exemption is not automatic.
Nonprofits must apply to Virginia Tax for a sales tax exemption certificate. Unrelated business taxable income is still taxable in Virginia. Charitable solicitation registration and audit thresholds are covered in our Virginia Nonprofit Guide.
No. Virginia has no franchise or gross receipts tax at the state level. Corporations pay income tax, and local governments levy BPOL taxes on gross receipts.
It depends on your owners' federal itemized deductions now that the federal SALT cap is higher. The election is annual and currently available through tax year 2026, so run the numbers each year.
The 15th day of the 4th month after year-end (April 15 for calendar-year corporations), with an automatic 6-month filing extension if 90% of the tax is paid on time.
Download the Virginia Business Tax Calendar (PDF).
Greywood CPA prepares state returns, PTET elections and payroll filings for businesses and nonprofits in Virginia, with fixed, transparent pricing.
See our Virginia servicesThis guide is general information as of October 2026 and is not tax advice. Rates, thresholds and deadlines change, and local taxes vary. Federal deadlines are not shown. Confirm your obligations with a CPA before filing.