In the wake of Supreme Court ruling, Department of Revenue mandates sales taxes collections based on buyer’s address
The holiday shopping season is nigh and Colorado’s online retailers have much to do. It’s time to double-check inventory, alert mailing list subscribers about deals and discount offers, and make sure they are prepared to collect and pay sales taxes for each of the state’s more than 340 taxing jurisdictions.
That’s right. Starting Dec. 1, the Colorado Department of Revenue will require all retailers who ship goods to a buyer in Colorado to assess, collect and remit sales taxes based on the buyer’s address, not where the business is located or the taxing jurisdictions the buyer and seller share in common. The rules are the same if the retailer is Amazon trucking a book into the state or an independent screen-printing business mailing a T-shirt from Aurora to Pagosa Springs.
And some business owners are worried that the looming wave of red tape could be so burdensome that it will put them out of business.
The Denver Post
by Joe Rubino
November 3, 2018