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Why do some licensees have to file tax security with DMV and some don ?

April 26, 2017DMV file licensees security tax

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Why do some licensees have to file tax security with DMV and some don ?

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The purpose of filing tax security is to assure that DMV receives the tax owed to Virginia should there be a default in payment. Licensees who pay tax directly to DMV, who receive the One Percent Discount, or who defer tax payment are required to file tax security.