As some pass-through entities (“PTEs”) are waiting for a free online filing option to file their Taxable Year 2022 pass-through entity tax (“PTET”) returns, Virginia Tax is granting a waiver of the minimum $100 Late Filing Penalty that would otherwise apply to a late-filed PTET return, so long as PTEs comply with the requirements as outlined in the bulletin. The relevant payment deadlines will remain the same.
View the tax bulletin.