On or after January 1, 2019, a retailer is subject to Iowa sales and use tax reporting if it receives gross revenue from Iowa sales equal to or exceeding $100,000 for the preceding calendar year or the current calendar year, or the retailer makes Iowa sales in 200 or more separate transactions during the preceding calendar year or the current calendar year.įor more information, contact Jim or your trusted BKD advisor.Watch Video: How Gov. The definition of a manufacturer was updated to “a business that primarily purchases, receives, or holds personal property of any description for the purpose of adding to its value by a process of manufacturing with a view to selling the property for gain or profit.” Purchases of machinery and materials primarily used in processing by a manufacturer are exempt from Iowa sales and use tax.
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