Virginia Administrative Code
Title 23 - TAXATION
Agency 10 - DEPARTMENT OF TAXATION
Chapter 210 - RETAIL SALES AND USE TAX
Section 23VAC10-210-6080 - Wholesalers
Current through Register Vol. 41, No. 3, September 23, 2024
A. A wholesaler, as distinguished from a retailer, is a seller who sells for resale only. If a seller sells to any user or consumer, however large or small, he becomes a retailer for those sales. If he fails to keep adequate records to show sales for resale and retail sales separately, he is required to pay the tax as a retailer on both classes of his business.
B. Every wholesaler is required to keep a record of all sales of tangible personal property, whether such sales be for cash or credit. These records must include the name and address of the purchaser, the number of the Certificate of Registration issued to the purchaser, the date of the purchase, the article purchased and the price at which the article is sold to the purchaser. Records must be kept for three years.
Statutory Authority
§ 58.1-203 of the Code of Virginia.
