Virginia income tax brackets 202112/6/2023 ![]() A filing is required to be submitted each calendar month even when gross receipts are zero and no tax is due. ![]() ![]() Failure to remit the tax by the filing due date shall result in a late payment penalty of 10% and interest that accrues daily at the rate of 10% per annum. The return form and payment are due to the Commissioner of the Revenue on the twentieth (20 th) day of the month for the tax collected during the preceding month. Reports and remittancesĪccommodations providers must file and report their total gross receipts from all sources on a monthly basis using the return form provided by the Commissioner with a copy of financial reports from accommodations intermediaries (if applicable), and remit the tax for the portion of gross receipts collected.Īccommodations intermediaries, as defined by the General Assembly, must file, report and remit transient occupancy tax on the total amounts charged for the sale of accommodations and/or the amounts charged in excess of the price paid to the hotel for the room on a monthly basis using forms provided by the Commissioner. The intermediary or provider must not in any way suggest or indicate that they will relieve the guest or payer of payment of part or all of this tax. The tax is computed on the total price paid, added to the gross amount, collected and held in trust for the County. CollectionsĮvery accommodations intermediary or accommodations provider receiving payment for the use or possession of a room or space occupied for lodging must collect the tax from their guest or payer at the time payment for such rental is made. The transient occupancy tax, also known as the lodging tax or accommodations tax, is levied on the total amount paid by the consumer for the use or possession of a room or space occupied for lodging for any period of less than thirty (30) continuous days.
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