Wednesday, August 7, 2019

Recent developments

Security Summit


The Rhode Island Division of Taxation, the Internal Revenue Service, and other Security Summit partners urge tax professionals to learn the tell-tale signs that their office may have experienced a data theft that resulted in fraudulent tax returns being filed in their clients’ names. To learn more, click here.

Sales and use tax


Rhode Island is one of 24 states that are members of the Streamlined Sales and Use Tax Agreement. The agreement is intended to simplify and modernize sales and use tax administration in order to substantially reduce the burden of tax compliance.

As part of the agreement, each state files a document, called a "taxability matrix", which shows how that particular state taxes various categories of products and services. The Division of Taxation recently updated its matrix so that it reflects recent changes in Rhode Island state tax law and references to recently revised regulations. To view the latest matrix, as well as Rhode Island's latest certificate of compliance in Streamlined, click here.