Virginia
Taxes and business formation • USA 2025–2026
LLC in Virginia
Corporation in Virginia
Tax system of Virginia
Income Tax
Virginia has a progressive personal income tax scale, with rates ranging from 2% to 5.75%.
Sales Tax
The base sales tax rate is 4.3%, but local taxes can bring this figure up to 7% in some areas. We provide services for obtaining a Sales Tax Certificate, and for preparing and filing the Sales and Use Tax Return. We advise business owners on registration, calculation, and reporting.
Property Tax
The average property tax rate in Virginia is 0.72% of a home's value, which is a moderate figure.
Business Taxes
Virginia levies a flat corporate income tax rate of 6% on net profit. It applies only to C-corporations. The state requires annual filing of an Annual Report for all types of business. The report is due by the end of the month of registration each year.
Business Personal Property Tax
Furniture, computers, and vehicles are taxed. The rate and base are set at the city or county level. It is often applied to small and medium-sized businesses.
Excise Taxes
Virginia levies excise taxes on items such as alcohol, tobacco, and fuel.
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