City of Portsmouth, Virginia - Commissioner of the Revenue

Fiduciary Taxes

Fiduciary Taxes, also called Trustee Taxes, are collected by the businesses on the 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.

Fiduciary Tax Rates

Tax Type (Links)	Amount	Reported/Remitted To
Admissions Tax	10%	Comm. of the Revenue
Cigarette Tax	50 cents per 20 in pack 63 cents per 25 in pack	City Treasurer
Food & Beverage Tax	6.50%	Comm. of the Revenue
Lodging Tax	8%	Comm. of the Revenue
State Sales Tax	5.00% (State-4.00%,City-1%) Enacted:9/1/2004	Va.Dept of Taxation
Short Term Rental Tax	1%	Comm. of the Revenue

If you have any questions regarding the reporting or remittance of Fiduciary Taxes, please contact the proper agency as listed above, or contact the Portsmouth Commissioner of the Revenue Business Tax Department.