Virginia to Require Electronic Filings and Payments

Effective January 1, 2013, corporations subject to Virginia corporate income tax are required to file and pay taxes electronically for their estimated tax payments as well as their annual income tax returns. Further, all Virginia sales and use tax returns and payments must be filed electronically beginning with the July 2012 return, which is due in August 2012, for monthly filers. For less frequent sales and use tax return filers, the electronic filing and payment requirement is effective beginning after July 1, 2013. Any taxpayer for whom any of these electronic filing/payment requirements create an unreasonable burden may request a waiver, in writing, to the Tax Commissioner.

For further information, please contact your Aronson tax professional or Henry Chiwaya of Aronson’s State and Local Tax practice at 301.222.8215.