Local Taxes & Fees in Portsmouth, VA (2026)
1 verified local taxes & fees rules for Portsmouth, Virginia, sourced directly from the municipal code and official government pages.
Verified from official government sources
Business Tax Classification
Portsmouth's business license tax is assessed by classification under City Code Chapter 20, Article II: retail sales, personal services, financial and professional services, wholesale merchants and more each carry a distinct flat fee plus a rate per $100 of gross receipts, administered by the commissioner of the revenue.
Portsmouth Business License Tax Classifications
Some RestrictionsPortsmouth City Code §§ 20-3(a), 20-16(a)
A person engaged in two or more businesses or professions carried on at the same place of business may elect to obtain one license for all such businesses and professions if all of the following criteria are satisfied:(1)Each business or profession is licensable at the location...;(2)All of the businesses or professions are subject to the same tax rate, or, if subject to different tax rates, th...