Colorado- Businesses have 30 extra days to remit sales tax – Payments due April 20, 2020 deferred to May 20, 2020

On Friday the Governor issued an executive order temporarily suspending the requirement for businesses to remit sales tax for 30 days.

The executive order is a deferment of the requirement of retailers to remit sales tax for 30 days, penalty and interest free, for the period of Monday, April 20, 2020, to Wednesday, May 20, 2020. The retailer, however, forfeits their ability to retain the vendor fee if they take advantage of this 30-day extension. The extension applies to all state-administered local sales taxes but does not apply to self-collecting home-rule cities.

The Department is continually monitoring the evolving COVID-19 situation and responding in real time to address the questions and concerns of Coloradans.

For more information: MineralCountyMinerNews

The Mineral County Miner
By: The Mineral County Miner
April 13, 2020