For taxable years beginning on or after January 1, 2005, an automatic six-month filing extension is allowed for businesses filing Virginia State Form 500 or Form 502. No paper application or online application for extension is required. The tax extension provisions do not apply to payment of any tax that may be due with Form 500 (or Form 502). To avoid penalties, filers must pay at least 90% of their final tax liability by the original due for filing the return. The payment may be submitted using Form 500CP (PDF) or Form 502W (PDF).

Filing for a Virginia tax extension will not provide you with additional time to pay any tax balance due, which must be paid by your original filing deadline or interest and other payment penalties may apply.

For additional information, please visit the State of Virginia Department of Taxation website.