                                 CODE OF VIRGINIA

ABSORPTION OF TAX PERMITTED (§ 58.1-626.1)

A. A dealer may absorb and assume payment of all or any part of the sales or use
tax otherwise due from the purchaser, consumer, or lessee.

B. A dealer shall separately state the sales price of an item and the full
amount of sales and use tax due on such item at the point of the sale or
transaction, even if the dealer intends to absorb and assume the amount of tax
due.

C. For each sale for which the dealer absorbs and assumes all or any part of the
sales and use tax due, the dealer shall remit to the Department the full amount
of tax due with the return that covers the period in which the dealer completed
the sale or transaction.

HISTORY: 2019, c. 758.