IPCPR Legislative | Operating Your Business in Virginia

Operating Your Business in Virginia

virginia

Operating Your Business in Virginia

Anyone who is engaged in the business of selling other tobacco products (“OTP”) in Virginia who imports OTP from outside Virginia, or manufacturers or stores OTP in Virginia, or any Virginia retail dealer in possession of untaxed OTP, must apply for and receive a license to legally conduct an OTP business in Virginia. To become a licensed OTP distributor, applicants must file an Application for Cigarette Stamping Permit and Tobacco Products Tax Distributor’s License (Form TT-1), the associated personal data form (Schedule A), and a $600 application fee. A criminal background check will be conducted on the principal operatives of the company, and applicants should allow at least 90 days for processing of their applications and the issuance of their licenses. A Tobacco Products Tax Distributor’s license is valid for three years from the date of issue.

 

Distributors registered for the tobacco products tax are also required to file a monthly Virginia Tobacco Products Tax Return (Form TT-8) on or before the 20th of every month, along with payment for taxes due. Form TT-8 must be filed every month, even if no tax is due. The return for each period becomes delinquent on the 21st of the succeeding month if not paid.

 

Localities may require additional business licenses.

TT-22: Tobacco Products Tax Guidelines and Rules

http://www.tax.virginia.gov/Documents/OTP%202010%20Guidelinesfinal.pdf

 

Form TT-1: Application for Cigarette Stamping Permit and Tobacco Products Tax Distributor’s License

http://www.tax.virginia.gov/taxforms/Business/Cigarette%20and%20Tobacco%20Products/TT-1.pdf

 

Schedule A: Personal Data Form

http://www.tax.virginia.gov/taxforms/Business/Cigarette%20and%20Tobacco%20Products/TT-1%20Schedule%20A.pdf

 

TT-8: Virginia Tobacco Products Tax Return and Instructions

http://www.tax.virginia.gov/taxforms/Business/Cigarette%20and%20Tobacco%20Products/TT-8%20New.pdf

 

Form AG-1 or AG-2

Other Tobacco Products distributors selling Roll-Your-Own Tobacco are also required to file a monthly report with the Office of the Attorney General.

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