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This version of the form is not currently in use and is provided for reference only. Download this version of
Schedule 500AP
for the current year.
Schedule 500AP Modified Apportionment Schedule for Vedp-Certified Companies - Virginia
What Is Schedule 500AP?
This is a legal form that was released by the Virginia Department of Taxation - a government authority operating within Virginia. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is the 500AP Modified Apportionment Schedule?
A: The 500AP Modified Apportionment Schedule is a schedule used for apportioning taxes for Vedp-Certified Companies in Virginia.
Q: What are Vedp-Certified Companies?
A: Vedp-Certified Companies are companies that have been certified by the Virginia Economic Development Partnership (VEDP) as meeting certain criteria for economic growth and development in Virginia.
Q: Why is the 500AP Modified Apportionment Schedule used?
A: The 500AP Modified Apportionment Schedule is used to determine how much of a Vedp-Certified Company's income is subject to taxation in Virginia, based on their business activities in the state.
Q: How does the 500AP Modified Apportionment Schedule work?
A: The schedule calculates the apportionment of a Vedp-Certified Company's income by assigning a percentage based on a formula that considers the company's sales, property, and payroll in Virginia compared to their total sales, property, and payroll.
Q: Who is eligible to use the 500AP Modified Apportionment Schedule?
A: Only Vedp-Certified Companies in Virginia are eligible to use the 500AP Modified Apportionment Schedule for apportioning their taxes.
Form Details:
- Released on July 1, 2022;
- The latest edition provided by the Virginia Department of Taxation;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Schedule 500AP by clicking the link below or browse more documents and templates provided by the Virginia Department of Taxation.
