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Virginia
Corporate Income Tax Rate at a Glance
Virginia's top corporate income tax rate is 6%, applied as a flat rate. This places Virginia in the "Moderate (5–7.99%)" tier among U.S. states.
Rate Structure (Flat vs. Graduated)
6.0% flat corporate income tax rate.
S-Corp & Pass-Through Treatment
Virginia recognizes federal S-corp election. Pass-through entities may elect to pay tax at the entity level under Virginia's PTE election (HB 1121, 2022) at 5.75% (matching the highest individual rate).
Official State Revenue Department
For current corporate tax rules in Virginia, consult the state's official source at https://www.tax.virginia.gov/corporation-income-tax. Rates and rules change annually — verify with a qualified tax professional before taking any action.
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Corporate income tax rates change frequently as states enact reform packages and phase-down schedules. Always verify current rates with the state's department of revenue and your tax advisor before making business decisions. This information is for educational purposes only and is not tax or legal advice.