Sales/Use/Indirect:
Massachusetts DOR Proposes Rule on Accelerated Sales Tax Remittance with Public Hearing on January 18
830 CMR 62C.16B.1: Advance Payments of Sales and Use Tax and Room Occupancy Excise (Proposed Regulation), Mass. Dept. of Rev. (12/19/23); Notice of Public Hearing, January 18, 2024, Mass. Dept. of Rev. (12/19/23). The Massachusetts Department of Revenue proposed a regulation explaining the procedures for the advance payment of certain Massachusetts sales and use tax liabilities pursuant to legislation enacted in 2020 [see H.5164 (2020) for more details on this legislation] and 2021 [see H.B. 4269 (2021) for more details on this legislation], which sought to “modernize” the timeline for sales tax remittance and collection in Massachusetts and provide some “safe harbors” from these accelerated sales tax remittance requirements. According to an accompanying notice, the proposed regulation revises a previously proposed regulation [see State Tax Matters, Issue 2021-48, for details on the original proposal] to take into account subsequent legislative changes that provide taxpayers expanded protection from the imposition of penalties for underpayments; in addition, the newer proposal revises the examples provided in the prior proposed regulation. A virtual public hearing to discuss the newer proposal is scheduled for January 18, 2024. Please contact us with any questions.
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