The Form E-505 provides an overview of sales and privilege tax changes primarily enacted by the 2017 General Assembly.
The notice outlines the steps taxpayers must follow to use the expedited mail services.
The notice communicates technical corrections signed into law as S.L. 2017-212, on October 9, 2017.
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.
Purchasers may elect to have seller collect and remit sales and use taxes on certain purchases.
Some products have been removed from previous versions of the list of products exempt from Sales and Use Tax.
The new codes are consistent with the Federation of Tax Administrators (FTA) uniform product codes. The new codes will be used with the December 2017 motor fuels tax returns, which are due in January 2018