Timely Filing Vendor Discount
If you have noticed that your vendor discount has been capped at $25 or an amount lesser than previously received by your company, be sure to thank Governor Wolf. Effective for returns that have a period end date after August 1, 2016, the vendor discount for licensees for timely filed returns and payments is limited to the lesser of $25 or 1 percent of tax collected for a monthly filer, $75 or 1 percent of tax collected for a quarterly filer and $150 or 1 percent of tax collected for a semi-annual filer.
Sales tax base expansion
Effective August 1, 2016, licensees are now required to collect tax on [Read more…] about PA Sales Tax Changes