Virginia
Taxes and business formation • USA 2025–2026
TL;DR
Virginia at a glance — 2026 figures
State filing fees and tax position for individuals and companies registered in Virginia.
| Parameter | Value |
|---|---|
| Personal income tax | See the income tax section below |
| LLC formation fee | $100.00 |
| LLC annual report fee | $50.00 |
| LLC annual report deadline | Last day of the company's registration-anniversary month |
| LLC dissolution fee | $25.00 |
| Corporation formation fee | $75.00 (minimum) |
| Corporation annual report fee | $100.00 (minimum) |
State filing fees are set by the Secretary of State and change without notice — the official source is linked in each section below. Federal figures for tax year 2026 are on the 2026 tax cheat sheet.
Updated: August 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.
Frequently asked questions
Does Virginia have a personal income tax?+
Yes. Virginia levies a personal income tax on residents. The current rates and brackets are set out in the income tax section on this page, with a link to the state tax authority — rates are revised by the legislature, so always check the official source before filing.
How much does it cost to register an LLC in Virginia?+
The state filing fee in Virginia is $100.00. On top of that you need a registered agent with a physical address in the state, and FinTaxes charges from $299 for the formation service itself.
When is the annual report due for a Virginia LLC?+
The Virginia annual report fee is $50.00, due Last day of the company's registration-anniversary month. Missing it typically triggers a late penalty and, if left unresolved, administrative dissolution of the company.
Do I need to live in Virginia to open an LLC there?+
No. You do not need to live in Virginia — or in the United States at all — to own an LLC registered there. Non-residents can form and own a US LLC; what the state requires is a registered agent with a physical in-state address. Your own tax residency is a separate question and decides which returns you file.
Can FinTaxes file my Virginia state return remotely?+
Yes. FinTaxes prepares and e-files federal and Virginia state returns entirely remotely, for clients anywhere in the US or abroad, as an Authorized IRS e-file Provider.
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