Virginia compliance at a glance
- Sales tax: 4.30% state rate. State 4.3% + mandatory 1% local + regional adds. Combined 5.3-7%.
- Late fees: Up to 1.5% per month. (Va. Code 搂6.2-301) Default 6%/yr; contract rates up to 12%/yr without licensing.
- Written contracts: Required for jobs over $1,000.
- Prompt-pay law: Virginia Prompt Payment Act (Va. Code 搂2.2-4347 for state; 搂11-4.6 for construction). State: 30 days from invoice. Construction subs paid within 7 days of GC receiving payment.
Virginia metros
- Virginia Beach1,787,169 residents 路 0% combined tax
- Richmond1,349,732 residents 路 0% combined tax
- Roanoke314,314 residents 路 0% combined tax
- Lynchburg264,590 residents 路 0% combined tax
- Charlottesville225,127 residents 路 0% combined tax
- Blacksburg181,428 residents 路 0% combined tax
- Winchester147,260 residents 路 0% combined tax
- Harrisonburg137,650 residents 路 0% combined tax
- Staunton127,344 residents 路 0% combined tax