Some products have been removed from previous versions of the list of products exempt from Sales and Use Tax.
The North Carolina Department of Revenue recognizes that recent hurricanes may have affected the ability of certain taxpayers to meet North Carolina’s filing deadlines. The Department will work with taxpayers, on a case-by-case basis, and will waive any penalties assessed against taxpayers who cannot meet state filing or payment requirements as a result of Hurricanes Harvey, Irma, and Maria and generally recognize the federal due date of January 31, 2018. Additionally, the Department is allowing an extension of 30 days for filing returns for sales and use taxes for affected taxpayers.
Purchasers may elect to have seller collect and remit sales and use taxes on certain purchases.
The notice communicates technical corrections signed into law as S.L. 2017-212, on October 9, 2017.
The notice outlines the steps taxpayers must follow to use the expedited mail services.
The Form E-505 provides an overview of sales and privilege tax changes primarily enacted by the 2017 General Assembly.
The changes include updating statutory references and certain comments within the Taxability Matrix.
Information applies to employers, pension payers, and others that withhold North Carolina income tax.
Effective June 29, the ABC Control Commission must confirm that brewery and distillery permit holders are in tax compliance with the NCDOR.
The NCDOR shall take no action to assess any tax due for a filing period beginning on or after March 1, 2016, and ending before January 1, 2018, if one or more specific conditions apply and the retailer did not receive specific written advice from the Secretary of Revenue for the transactions at issue for the laws in effect for the applicable periods.