Persons who hold a Virginia Wholesale Tax license and who file their returns and pay their fuels tax on time will receive a discount on their taxes.
What is the discount?
- The amount of the discount is 2% of the amount due.
- VAETS will automatically calculate the discount if you are eligible and deduct it from the amount due.
Who is not eligible for a discount?
- A wholesale distributor that fails to file their return and pay the tax on time to DMV will not be eligible for the discount on that return.
- Retail dealers who purchase fuel from wholesale distributors do not receive a discount. They must pay the tax in full to their wholesale distributor.