PA Sales Tax Prepayment Option Effective In October


[author: James L. Fritz]


As noted in our last newsletter, vendors having PA sales tax liability of at least $25,000 and less than $100,000 during the 3rd quarter of 2011 will have an alternative prepayment option, starting with the prepayment due October 22.  In lieu of remitting 50% of the tax liability for the same month of the previous year, qualifying vendors may base the prepayment on 50% of the tax liability for the current month.  Vendors who remitted $100,000 or more in the 3rd quarter of 2011 must continue to remit 50% of the tax for the same month in the prior year.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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