SALT Report 3011 – Maine Revenue Services revised a business guide that discusses sales, use, and service provider taxes to reflect recent legislative changes. Specifically, the guide provides that there will be a temporary sales tax rate increase from October 1, 2013 through June 30, 2015. During this period, if a taxpayer needs to adjust the amount of tax previously reported, and the amount to be adjusted was originally reported at a different tax rate, the taxpayer must file an amended return to take the adjustment in the period the original sale was reported. For example, if a sale that was reported in September 2013 at the 5% tax rate is cancelled in October 2013, when the tax rate becomes 5.5%, the September 2013 return must be amended.
The revised guide also provides an overview of each tax, and addresses certain fees, seller registration, retailer certificates, resale certificates, liability and collection, exemptions, returns, deductions, determining the taxable sales price, and other topics related to the sales, use and service provider taxes.
The provisions in this business guide are effective October 1, 2013.
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