- Online retailers in Richmond, VA face a 6% combined sales tax rate
- Businesses exceeding $100,000 in annual sales or 200 transactions must register for sales tax collection
- Richmond’s sales tax rate includes 4.3% state tax, 1% local tax, and 0.7% regional transportation tax
- Failure to comply with tax regulations can result in penalties of up to 30%
- Understanding sales tax nexus in Virginia is crucial for compliance and avoiding penalties
Source: trykintsugi.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
