58.1-463 - Other methods of withholding. - Virginia Statutes

§ 58.1-463. Other methods of withholding.

The Tax Commissioner may grant permission to employers who do not desire touse the withholding tax tables provided in accordance with § 58.1-462, todetermine the amount of tax to be withheld by use of a method of withholdingother than withholding tax tables, provided such method will withhold fromeach employee substantially the same amount of tax as would be withheld byuse of the withholding tax tables. Employers who desire to determine theamount of tax to be withheld by a method other than by use of the withholdingtax tables shall obtain permission from the Tax Commissioner before thebeginning of a payroll period for which the employer desires to withhold thetax by such other method. Applications to use such other method must beaccompanied by evidence establishing the need for the use of such method.

(Code 1950, § 58-151.4; 1962, c. 612; 1984, c. 675.)