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23 VAC Title 23 Agency 10 — Virginia Tax Regulations

23VAC10-120-130

Allocation and apportionment

Official textlaw.lis.virginia.gov

# A.

In general.

# 1.

If a corporation has income from business activity which is subject to taxation both within and without Virginia, as defined in 23VAC10-120-120, the corporation shall allocate and apportion its Virginia taxable income as provided in §§ 58.1-407 through 58.1-420 of the Code of Virginia.

# 2.

Only corporations allocate and apportion income. Individuals and other taxpaying entities follow other rules.

# B.

Alternate method. If the statutory method of allocation and apportionment unfairly states the income from Virginia sources, a corporation may petition the Department of Taxation to allow an alternate method under § 58.1-421 of the Code of Virginia. See 23VAC10-120-280.

Last amended: Historical Notes Derived from VR630-3-406, eff. January 1, 1985.

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Nearby sections (25 sections)
  1. 10-120-86 · Telecommunications companies; separate, combined or…
  2. 10-120-87 · (Repealed.)
  3. 10-120-88 · Telecommunications companies; estimated taxes
  4. 10-120-89 · Noncorporate telecommunications companies
  5. 10-120-89.1 · Telecommunications companies; administrative appeals
  6. 10-120-90 · Exemptions and exclusions
  7. 10-120-100 · Virginia taxable income; definitions; exceptions
  8. 10-120-101 · Virginia taxable income; additions
  9. 10-120-102 · Virginia taxable income; subtractions
  10. 10-120-103 · Subtraction for income attributable to an investment in a…
  11. 10-120-110 · Additional modifications
  12. 10-120-120 · Business entirely within Virginia
  13. 10-120-130 · Allocation and apportionment
  14. 10-120-140 · How dividends allocated
  15. 10-120-150 · What income apportioned and how
  16. 10-120-160 · Property factor
  17. 10-120-170 · Valuation of property owned or rented
  18. 10-120-180 · Average value of property
  19. 10-120-190 · Payroll factor
  20. 10-120-200 · When compensation deemed paid in this Commonwealth
  21. 10-120-210 · Sales factor
  22. 10-120-220 · When sales of tangible personal property deemed in this…
  23. 10-120-230 · When certain other sales deemed in this Commonwealth
  24. 10-120-240 · Motor carriers; apportionment
  25. 10-120-250 · Financial corporations; apportionment
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