Retail Sales Tax…What’s Taxable in Virginia?

Posted on 11.09.16

Retail Sales Tax…What’s Taxable in Virginia?

We are pleased to share Terry Barrett's feature article in the November/December issue of VSCPA's Disclosures Magazine, “Retail Sales Tax…What's taxable in Virginia?

“Tax practitioners tend to focus on their clients' income tax issues. However, businesses these days find they are spending more and more time on sales tax, particularly if they are operating in multiple states. Forty-five states, including Virginia and the District of Columbia, impose some form of retail sales and use tax, and the rules are generally different from state to state.

In addition, some local jurisdictions impose and administer their own sales and use tax.  The local rules may not necessarily be the same as the state rules. Thus, compliance can be complicated for those operating in multiple states; however, operating only in Virginia can have its own complications…”  Access full article. 

The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.

Posted by: Terry Barrett, CPA

Terry Barrett specializes in state and local tax concerns for her clients. She has over 30 years of experience working in the public and private accounting sector. She is a graduate of Virginia Commonwealth University. You can read more of Terry’s state and local tax insights here.

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