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Fiduciary Taxes
Fiduciary Taxes, also called Trustee Taxes, are collected by businesses on behalf of the City or State.
These taxes are required to be reported and remitted by the business to the City or State on a regular basis.
There are certain requirements to be met in order to legally collect these taxes.
Remit to Commissioner of Revenue | 10%
of admissions collected |
Places of amusement or entertainment in NorfolkAdmission Tax that charge a fee for entrance
must collect a 10% admission tax. The reports and remittances are to be made on or before the 20th of each month
covering the amount of tax collected during the preceding month. |
Remit to Norfolk City Treasurer | 65¢ per 20 count package
68.75¢ per 25 count package |
A cigarette tax is imposed on each package of cigarettes sold in the City of Norfolk.
Each pack of cigarettes must have the State and City cigarette tax stamps applied by the retailer/wholesaler before the cigarettes
are offered for sale. The tax is $0.55 cents per 20 count package and $0.6875 cents per 25 count package. Cigarette tax is payable
upon the purchase of cigarette stamps from the Norfolk Treasurer's office.
Purchase of cigarette tax stamps must be made in person. |
Remit to Commissioner of Revenue | 6.5%
of gross |
The Food and Beverage Tax, also called the Meal Tax, is 6.5% on all food and beverages,
including alcoholic beverages, purchased in or from a food establishment, including but not limited to, any restaurant, dining room, grill,
coffee shop, cafeteria, café, snack bar, lunch counter, movie theater, delicatessen, confectionery, bakery, eating house, eatery, drugstore,
ice cream/yogurt shops, lunch wagon or truck, pushcart or other mobile facility from which food is sold, public or private club, resort, bar,
lounge, or other similar establishments, public or private. The business must register with the Commissioner of the Revenue, post a meal
tax bond, collect the tax, and report and remit the tax on or before the 20th of the month following the month of collection.
Your cancelled check will serve as your receipt.
If the tax is not paid by the due date, a penalty of 10% will be imposed and interest will be calculated at the rate of 10% per-annum. |
Remit to Commissioner of Revenue | 8% |
Every hotel (public or private), inn hostelry, tourist home or house, motel, rooming
house or other lodging place within the city offering lodging for compensation, to any transient (90 consecutive days or less)
must collect a 8% lodging tax. Those entities collecting the tax must register with the Commissioner of the Revenue, report
and remit the tax on or before the 20th of the month following the month of collection. |
Remit to Virginia Department of Taxation | 5%
(4% State Tax, 1% City Tax) |
This tax, also called Sales
and Use Tax, is collected by merchants on behalf of the Commonwealth
of Virginia. Questions regarding the Virginia State Sales and Use
Tax should be directed to the
Virginia Department of Taxation. |
Remit to Commissioner of Revenue | 1% |
This local tax applies to businesses engaged primarily in the short-term rental of tangible
personal property. If a minimum of 80% of gross rental receipts are for a period of 92 days or less, the business must be registered with
the Commissioner's Office and must collect and remit a 1% tax on all short term rentals. Merchants meeting the criteria must collect a
tax on all daily rentals in lieu of personal property taxation on rental property. |
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