The Rhode Island Division of Taxation reminds remote sellers,
marketplace facilitators, and referrers that they must register with the Division and collect and remit Rhode Island sales and use
tax effective Monday, July 1, 2019, if they meet or exceed certain thresholds involving
sales.
It is the result of a recently enacted Rhode Island law, which
followed a landmark U.S. Supreme Court case known as Wayfair. One consequence of the law is that, effective Monday, July 1, 2019, some online retailers that
had not been collecting and remitting Rhode Island sales and use tax on
purchases made by individuals and businesses in Rhode Island will begin to do so.
To learn more, click here.
Friday, June 28, 2019
Reminder: Gas tax increase Monday
Once every two years, the Rhode Island Division of Taxation is required by statute to determine whether inflation has been sufficient to increase the gasoline tax. This time around, the Division
found sufficient inflation to result in an increase in the gasoline tax as of Monday, July 1, 2019.
Therefore, based on statutory formula, the gasoline tax will be 34 cents per gallon effective Monday, July 1, 2019, compared with 33 cents per gallon today, an increase of one cent. To learn more, click here.
found sufficient inflation to result in an increase in the gasoline tax as of Monday, July 1, 2019.
Therefore, based on statutory formula, the gasoline tax will be 34 cents per gallon effective Monday, July 1, 2019, compared with 33 cents per gallon today, an increase of one cent. To learn more, click here.
Friday, June 14, 2019
Estimated payments due Monday
The Rhode Island Division of Taxation reminds taxpayers and tax professionals that Monday, June 17, is the deadline for the second installment of estimated tax under the Rhode Island personal income tax. The normal deadline is June 15, but that falls on a weekend this year. Therefore, the deadline moves to the next business day: Monday, June 17.
Monday is also the deadline for the second installment of estimated tax for calendar-year payers of corporate tax, bank excise tax, political organization tax, composite income tax, and pass-through withholding. In addition, June 17 is the deadline for the second installment of estimated tax for payers of the bank deposits tax, insurance gross premiums tax (admitted carriers), surplus lines brokers/licensees, public service corporation tax, and estate and trust income tax. For more information, please see the Division’s website.
Monday is also the deadline for the second installment of estimated tax for calendar-year payers of corporate tax, bank excise tax, political organization tax, composite income tax, and pass-through withholding. In addition, June 17 is the deadline for the second installment of estimated tax for payers of the bank deposits tax, insurance gross premiums tax (admitted carriers), surplus lines brokers/licensees, public service corporation tax, and estate and trust income tax. For more information, please see the Division’s website.
Thursday, June 6, 2019
Inflation adjustment for gas tax
The Rhode Island Division of Taxation today posted a Notice about the biennial inflation adjustment for the gasoline tax.
The Division announced the inflation adjustment in December 2018. Today’s Notice is, in essence, an official reminder, given that the adjustment takes effect next month. To view the Notice, click here. Thank you.
The Division announced the inflation adjustment in December 2018. Today’s Notice is, in essence, an official reminder, given that the adjustment takes effect next month. To view the Notice, click here. Thank you.
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