23 Va. Admin. Code § 10-500-540

Current through Register Vol. 41, No. 8, December 2, 2024

Section 23VAC10-500-540 - Interest and penalties

The provisions of § 58.1-3703.1 of the Code of Virginia relating to interest and penalties apply to assessments made on and after January 1, 1997, even if for an earlier license year. Interest is charged on all late payments regardless of reason. A locality may impose a 10% penalty on an entity that fails to file a license application or return on time or on an entity that makes late payments. The 10% penalty and interest for late payment apply to license fees as well as the license tax.

23 Va. Admin. Code § 10-500-540

Derived from Virginia Register Volume 24, Issue 23, eff. October 6, 2008.

Statutory Authority

§ 58.1-3701 of the Code of Virginia.