Tax News Daily
The latest tax news from around the world, summarised and tagged for tax professionals. Updated twice daily.
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New Mexico Gross Receipts Tax (GRT) Guide for Businesses
This guide explains New Mexico's Gross Receipts Tax (GRT), which functions differently from a traditional sales tax. Unlike most states, New Mexico imposes the GRT on sellers rather than buyers, applying to the privilege of doing business in the state. The guide likely covers GRT rates, which vary by location due to local add-ons, taxable receipts, exemptions, deductions, registration requirements, and economic nexus considerations for remote businesses. Understanding the GRT's unique structure is critical for businesses operating in New Mexico to ensure accurate compliance.
West Virginia Sales Tax Guide
A comprehensive guide to West Virginia sales tax, covering the state's tax framework, rates, nexus rules, taxable goods and services, exemptions, filing requirements, and compliance obligations. The guide is aimed at businesses operating in or selling into West Virginia, helping them understand their sales tax responsibilities. Key topics likely include economic nexus thresholds following South Dakota v. Wayfair, registration requirements, applicable tax rates, and how to manage compliance effectively within the state's sales tax system.
Marketplace Facilitator Laws Explained for Amazon, Etsy and eBay Sellers
This article explains marketplace facilitator laws as they apply to sellers on major platforms like Amazon, Etsy, and eBay. Marketplace facilitator legislation requires platforms to collect and remit sales tax on behalf of third-party sellers, shifting the compliance burden from individual sellers to the marketplace. The article covers how these laws work across US states, what sellers need to understand about their remaining obligations, nexus considerations, and how platform-based selling affects overall sales tax liability. It provides practical guidance for e-commerce sellers navigating multi-state tax compliance when selling through major online marketplaces.
What is the Colorado retail delivery fee?
The Colorado retail delivery fee is a charge applied to retail deliveries made by motor vehicle to destinations within Colorado. Introduced in 2022, the fee applies to retailers with taxable sales exceeding $500,000 annually, requiring them to collect a per-delivery fee on orders containing at least one taxable item. The article explains who must collect the fee, how it applies, exemptions, and compliance requirements. It is distinct from sales tax but intersects with existing sales tax obligations, making it relevant for e-commerce businesses and retailers shipping goods to Colorado customers.
Govt increases tax on restaurant card payments
Pakistan's government has increased the tax rate applied to restaurant payments made by card. The measure targets card-based transactions at dining establishments, likely as part of efforts to broaden the tax base and encourage documented economic activity. The policy reflects ongoing fiscal tightening under Pakistan's IMF-linked reform agenda, with authorities using withholding or sales tax mechanisms on electronic payments to capture revenue from the hospitality sector. Card payment surcharges are increasingly used as a tool to distinguish between filers and non-filers, with higher rates applied to non-compliant taxpayers.
Utah Sales Tax Guide
This Sovos guide covers Utah's sales tax framework, including state and local tax rates, nexus rules, taxable goods and services, exemptions, filing requirements, and compliance obligations for businesses operating in Utah. It serves as a practical reference for companies navigating Utah's sales tax system, addressing economic nexus thresholds established after the South Dakota v. Wayfair ruling, registration procedures, and remittance deadlines. The guide helps businesses understand their obligations across Utah's various local jurisdictions and ensures they remain compliant with the Utah State Tax Commission's requirements.
Wyoming Sales Tax Guide
This Sovos guide outlines Wyoming's sales tax structure, detailing the state and local tax rates, nexus rules for in-state and remote sellers, taxable transactions, exemptions, and compliance requirements. It covers economic nexus thresholds post-Wayfair, registration with the Wyoming Department of Revenue, and filing and remittance obligations. Wyoming has no personal income tax, making sales tax a critical revenue source, and the guide helps businesses understand which goods and services are taxable, how to handle exemption certificates, and how to stay compliant with Wyoming's sales tax regulations.
Vermont Sales Tax Guide
This Sovos guide provides a comprehensive overview of Vermont's sales tax rules, covering the state's tax rates, nexus standards, taxable and exempt products and services, filing frequencies, and compliance requirements. It addresses economic nexus thresholds applicable to remote sellers following the Wayfair decision, registration with the Vermont Department of Taxes, and local tax considerations. The guide is designed to help businesses selling into Vermont understand their sales tax obligations, manage exemption certificates, and meet remittance and reporting deadlines effectively.
North Carolina Sales Tax Guide
This Sovos guide covers North Carolina's sales tax system, including the combined state and local tax rates, nexus standards for both physical and economic presence, taxable goods and services, exemptions, and compliance obligations. It addresses post-Wayfair economic nexus thresholds for remote sellers, registration with the North Carolina Department of Revenue, and filing frequencies and deadlines. The guide also highlights sector-specific considerations such as digital goods and manufacturing exemptions, helping businesses operating in or selling into North Carolina manage their sales tax responsibilities accurately.
South Dakota Sales Tax Guide
This Sovos guide details South Dakota's sales tax framework, notable as the state at the center of the landmark South Dakota v. Wayfair Supreme Court case that established economic nexus standards nationwide. The guide covers South Dakota's state tax rate, absence of local sales taxes, taxable products and services, exemptions, and compliance requirements. It explains economic nexus thresholds, registration with the South Dakota Department of Revenue, and filing and remittance obligations, providing businesses with a practical resource for managing sales tax compliance in the state.
Mass. Board Drops Home Value Over Restrictions, Flood Zone
A Massachusetts assessment board reduced a property's assessed value due to deed restrictions and its location in a flood zone. The case involves property tax valuation methodology, specifically how encumbrances and environmental risk factors should be reflected in assessed home values for local tax purposes. The board's decision to discount the valuation acknowledges that market value is materially affected by these constraints, with implications for how similar properties are assessed across the Commonwealth. The ruling highlights the role of appeals boards in ensuring equitable property tax assessments.
Maryland provides Washington County target redevelopment area sales and use tax exemption
Maryland has enacted a sales and use tax exemption targeting a specific redevelopment area in Washington County. The exemption is designed to incentivize economic development and revitalization within the designated target redevelopment zone. Businesses and activities within this area may qualify for relief from state sales and use tax obligations, providing a financial incentive to attract investment and stimulate local economic growth. This measure reflects Maryland's use of targeted tax incentives as a tool for regional development policy, offering meaningful tax savings to qualifying taxpayers operating within the defined geographic boundaries of the Washington County redevelopment area.
Sales tax advice for the second half of the year from former state auditors
Former state auditors offer sales tax compliance advice for businesses heading into the second half of the year. Drawing on their audit experience, the experts highlight common pitfalls such as nexus miscalculations, exemption certificate management, and filing errors that frequently trigger audits. The guidance covers proactive steps businesses should take to review their sales tax obligations, ensure accurate record-keeping, and address any gaps before year-end. The advice is particularly relevant for e-commerce and multi-state sellers navigating complex US sales tax rules following the South Dakota v. Wayfair decision.
SALT Round-Up—Current Developments in Key Jurisdictions
This article provides a roundup of current state and local tax (SALT) developments across key U.S. jurisdictions, covering legislative, administrative, and judicial changes affecting businesses and individuals. It addresses evolving state tax rules including income tax, sales tax, and other levies at the state and local level. The piece serves as a practical update for tax professionals navigating the complex and frequently changing SALT landscape, highlighting significant rulings, new legislation, and compliance considerations across multiple states. It is a useful reference for CPAs and advisors managing multi-state tax obligations.
US Sales Tax Nexus for Foreign Ecommerce Sellers: Hidden Triggers and Compliance Steps
This article examines US sales tax nexus rules specifically targeting foreign ecommerce sellers, outlining the hidden triggers that can create tax obligations even without a physical US presence. It covers economic nexus thresholds established post-South Dakota v. Wayfair, marketplace facilitator rules, inventory storage triggers through fulfillment centers, and click-through or affiliate nexus provisions. The article provides practical compliance steps for international sellers, including state registration requirements, tax collection obligations, and filing procedures to avoid penalties and back-tax liabilities when selling into the US market.
Va. Has Nation's First Electricity Tax On Data Centers
Virginia has enacted what is reported to be the nation's first electricity tax specifically targeting data centers. The levy imposes a tax on electricity consumption by data center facilities, marking a novel approach to taxing the energy-intensive infrastructure underpinning cloud computing and digital services. The measure reflects growing state interest in capturing revenue from large technology operations that consume significant power resources. This development could influence other states considering similar electricity or energy-use taxes on data centers, potentially reshaping the tax landscape for the technology sector across the United States.
Artificial Intelligence Becomes Ripe Target for Taxes
Lawmakers and policymakers are increasingly exploring taxation of artificial intelligence, with proposals emerging at federal and state levels in the United States. Discussions include potential taxes on AI-generated revenues, automation levies targeting companies replacing workers with AI, and sales tax applicability to AI-powered software services. Proponents argue AI taxes could fund displaced worker retraining and address inequality, while critics warn such measures could stifle innovation. The article examines the evolving policy landscape as governments seek new revenue streams from the rapidly growing AI industry amid broader debates about digital services taxation.
2026 mid-year compliance update: The tax changes every business needs to know for the second half
A mid-year compliance update outlining key tax changes businesses must prepare for in the second half of 2026. Published by TaxJar, the article covers evolving sales tax rules, nexus thresholds, and regulatory shifts across U.S. jurisdictions that affect business compliance obligations. It serves as a practical guide for companies needing to align their tax processes with new or amended requirements, highlighting deadlines, rate changes, and administrative updates relevant to multi-state sellers and e-commerce operators navigating the complex U.S. indirect tax landscape.
How to File Florida Sales Tax Returns (Step-by-Step Guide)
A step-by-step guide to filing Florida sales tax returns, covering the process for businesses operating in the state. The article walks through registration requirements, filing frequencies, how to calculate tax owed, and the mechanics of submitting returns through Florida's Department of Revenue online portal. It addresses common compliance considerations for businesses subject to Florida's sales tax rules, including deadlines, payment methods, and potential penalties for late filing. This practical guide is aimed at small business owners and tax professionals managing Florida sales tax obligations.
Taxing AI Data Centers: Incentives, Sales Tax, and Expanding Revenue Regimes
This article examines the tax landscape surrounding AI data centers, covering three key dimensions: government incentive programs designed to attract data center investment, sales tax considerations on equipment and energy consumption, and the expansion of revenue-based tax regimes targeting digital infrastructure. As AI infrastructure investment surges globally, jurisdictions are balancing competitive tax incentives against growing pressure to capture tax revenues from the sector. The piece highlights how sales tax exemptions, property tax abatements, and evolving digital services tax frameworks are shaping data center location and investment decisions.
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