North Carolina – Sales And Use Tax Division Issues Form E-505 (9-17)

SALT Report 3944 – The Sales and Use Tax Division has issued Form E-505 (9-17). Form E-505 (9-17) provides an overview of sales and use tax and privilege tax changes primarily enacted by the 2017 NC General Assembly. The annual Tax Continue reading North Carolina – Sales And Use Tax Division Issues Form E-505 (9-17)

Multi-State – Six Weeks Remaining In The MTC Program For Marketplace Sellers

SALT Report 3941 – The Multistate Tax Commission’s Online Marketplace Seller Voluntary Disclosure Initiative will consider applications for voluntary disclosure meeting specific eligibility criteria received during  the time period August 17, 2017 through October 17, 2017. There are six weeks Continue reading Multi-State – Six Weeks Remaining In The MTC Program For Marketplace Sellers

Multistate – MTC Online Marketplace Seller Voluntary Disclosure (24 State Initiative) August 17, 2017 through October 17, 2017

SALT Report 3914 – The MTC is sponsoring a prospective amnesty program targeting online marketplace sellers. The amnesty program will begin on Thursday, August 17, 2017 and will close October 17, 2017. The following 24 states have agreed to participate Continue reading Multistate – MTC Online Marketplace Seller Voluntary Disclosure (24 State Initiative) August 17, 2017 through October 17, 2017

Multistate – MTC Online Marketplace Seller Voluntary Disclosure (24 State Initiative) August 17, 2017 through October 17, 2017

SALT Report 3914 – The MTC is sponsoring a prospective amnesty program targeting online marketplace sellers. The amnesty program will begin on Thursday, August 17, 2017 and will close October 17, 2017. The following 24 states have agreed to participate Continue reading Multistate – MTC Online Marketplace Seller Voluntary Disclosure (24 State Initiative) August 17, 2017 through October 17, 2017

North Carolina – Proposed sales tax shift heads to NC House

“After the Senate took a final 34-12 vote Tuesday, a controversial plan to change how sales tax revenues are distributed among counties is headed to the House. The Senate’s handling of the proposal will leave the House with limited flexibility. Continue reading North Carolina – Proposed sales tax shift heads to NC House

North Carolina – Service Contracts Are Taxable

SALT Report 3500 – “Effective October 1, 2014, N.C. Gen. Stat. § 105-164.4(a)(11), as amended, imposes a privilege tax at the 4.75% general State and applicable local and transit rates of sales and use tax on a retailer to the Continue reading North Carolina – Service Contracts Are Taxable

North Carolina – Artisan Bakery Exemption Clarified

SALT Report 3476 – Artisan bakery items sold with eating utensils are subject to the 4.75% general state tax, while artisan bakery items sold without eating utensils are only subject to the 2% local tax rate. Eating utensils include: Plates Continue reading North Carolina – Artisan Bakery Exemption Clarified

North Carolina – 0.25% Local Sales And Use Tax Increase

SALT Report 3449 – Effective October 1, 2014, Davidson County’s local sales and use tax rate will increase by 0.25% bringing the local tax to 2.25% and the total tax rate to 7.00% (local rate of 2.25% and general State Continue reading North Carolina – 0.25% Local Sales And Use Tax Increase

North Carolina – Trust Tax Recovery Program

SALT Report 3420 – The Trust Tax Recovery Program will offer penalty and fee waivers, as well as payment plans to companies that have liabilities for sales, withholding and other trust taxes. Upon full payment of tax and applicable interest, Continue reading North Carolina – Trust Tax Recovery Program

North Carolina – Guidance for Specialty Market Operators, Operators of Events, and Farmers That Only Sell Farm Products Updated

SALT Report 3367 – The North Carolina Department of Revenue has updated their publication providing guidance for specialty market operators and farmers.  Farmers selling what they produce do not need to obtain a certificate of registration; however, a farmer that Continue reading North Carolina – Guidance for Specialty Market Operators, Operators of Events, and Farmers That Only Sell Farm Products Updated