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Legislature Slips in a Bitter Pill

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Retailers in Virginia who collect sales tax realized just a few weeks ago that, as of today, July 1, all sales tax submissions to the Virginia Department of Taxation would have to be online. Whoops.

RichmondBizSense.com covered the news this morning and the leading organization for retailers, the Virginia Retail Merchants Association, identified the issue a few weeks back. But it appears the budget writers had this element in place well before those responsible for collecting and remitting the taxes became aware of it.

Please see full alert below for more information.


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Published In: Commercial Law & Contracts Updates, Tax Law Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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