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Effective Oct. 1, 2018, the local rate of sales and use tax in Clay, Gaston, Jones, Lincoln, Pasquotank, Rockingham, and Rutherford counties is 2.25 percent.

The North Carolina Department of Revenue is accepting public comment on G.S. 150B-21.3A Report for 17 NCAC, Chapter 04, License and Excise Tax Division.

The NCDOR recently published four new sales and use tax directives to communicate changes of the interpretation in the taxability of the following:

The NCDOR has published a directive regarding repair, maintenance and installation services to real property and real property contracts. The directive addresses a number of issues concerning the application of sales and use taxes for services to real property.

The NCDOR is offering tax relief for victims of the April 15 tornadoes and storms that affected several counties in North Carolina. The agency’s penalty policy allows for waivers for taxpayers unable to file returns or pay taxes on time because of a natural disaster.

The notice serves as a reminder that effective July 1, 2018, Article 5F of Chapter 105 of the North Carolina General Statutes is repealed for sales and purchases occurring on or after such date.

A written determination applies the tax law to a specific set of existing facts furnished by a particular taxpayer. A written determination is applicable only to the individual taxpayer addressed and as such has no precedential value except to the taxpayer to whom the determination is issued.

A written determination applies the tax law to a specific set of existing facts furnished by a particular taxpayer. A written determination is applicable only to the individual taxpayer addressed and as such has no precedential value except to the taxpayer to whom the determination is issued.

The NCDOR has published a directive that clarifies the definition of a holding company. The clarification should help in calculating a corporation’s annual franchise tax liability.

The NCDOR has introduced a revised penalty policy that is effective for penalty waiver requests considered on or after March 1, 2018.

Read the policy