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The taxable income for nonresident withholding and the respective withholding tax is calculated as follows:

1. Apportionable income, less the current section 179 deducted, plus Virginia total additions, less Virginia total subtractions, less Income allocated to Virginia
2. Result above multiplied by the apportionment percentage
3. Plus income allocated to Virginia, equals the Virginia taxable income
4. Virginia taxable income is multiplied by the withholding tax rate of 5 percent
5. Virginia credits are then subtracted from the tax

Related topic: 1120 Virginia frequently asked questions

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