Corporation Income Tax returns for the taxable year ending on February 28, 2013, must be filed on or before June 17, 2013. Virginia law provides for an automatic six-month extension of time to file. However, the extension does not allow for additional time to pay any balance of tax due. Penalty and/or interest may apply to returns with a tentative tax due that was not paid by the original due date for filing.
The automatic six-month extension to file Corporation Income Tax returns for the taxable year ending on August 31, 2012, ends on June 17, 2013. In order to take advantage of Virginia's automatic extension, the return must be filed on or before the end of the extension period. Please bear in mind, the extension penalty may apply to returns filed during the extension period if 90 percent of the return's total tax liability was not paid by the original due date. For more details regarding Corporation Income Tax extensions and penalties, visit the Department's Corporation Income Tax page.
The second 2013 Corporation Estimated Income Tax Payment for calendar year filers is also due on June 17, 2013.
Remember: it is very important that the Department maintains accurate information regarding your business. If you close your business, please update your tax account to reflect the closure. You can close tax accounts for your business, update address or contact information, add a new tax to your existing account, or indicate that you are no longer liable for a specific tax through the Department's Business iFile system.