Virginia Department of Taxation Announces Electronic Filing and Payment Requirement

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SALES AND USE TAX—Electronic filing and payment requirement.
VA Department of Taxation

On June 14, 2012, the Virginia Department of Taxation announced that retail sales and use tax returns must be filed electronically. The new requirement applies only to dealers who file their sales and use tax returns on Forms ST-9 or ST-9CO. Dealers who file on a monthly basis must file and pay electronically beginning with the return for the month of July 2012, which is due to be filed by August 20, 2012. Dealers who file on a quarterly basis will not be subject to the requirement in 2012. Instead, those dealers must file and pay electronically beginning with the return for the quarter ending September 30, 2013, which is due to be filed by October 20, 2013. Returns and payments must be submitted electronically on or before the due date to be considered timely. Preprinted sales tax return coupon mailings will be discontinued for monthly filers effective for the month of July 2012, and for quarterly filers effective for the quarter of July 2013 through September 2013.

About the Author

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

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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.


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