Colorado Issues Emergency Draft Rules on July 1 Use Tax Notice and Reporting Requirement

Sovos
June 23, 2017

On July 1, 2017, Colorado’s long anticipated notice and reporting requirements for non-collecting retailers goes into effect. This law requires retailers that do not have sales tax nexus but make $100K or more in annual sales to Colorado customers to report transactions to the state as well as notify purchasers of their use tax obligation. The Colorado DOR recently sent interested parties, via email, a draft emergency rule explaining these requirements. Sovos is submitting comments to seek clarification on several issues. In particular, we have requested that Colorado explain whether wholesale sales count toward the $100k threshold. When further guidance is received, we will be sure to publish via this forum.

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Sovos

Sovos was built to solve the complexities of the digital transformation of tax, with complete, connected offerings for tax determination, continuous transaction controls, tax reporting and more. Sovos customers include half the Fortune 500, as well as businesses of every size operating in more than 70 countries. The company’s SaaS products and proprietary Sovos S1 Platform integrate with a wide variety of business applications and government compliance processes. Sovos has employees throughout the Americas and Europe, and is owned by Hg and TA Associates.
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