THE COMMERCE TAX REGISTRATION PROCESS: WHAT ARE MY NEXT STEPS?

By now it is likely you’ll have already heard about the recently passed Commerce Tax, a new bill signed by Governor Sandoval in June of 2015.

To give a brief re-cap, the tax applies on an entity-to-entity basis on each business whose Nevada gross revenue in a taxable year exceeds $4million dollars. You can read more about the Commerce Tax in our blog, here

If this new tax bill applies to your business, The Nevada Department of Taxation has issued a chart outlining and explaining the commerce tax registration process. At the end of March, or the beginning of April 2016, you should receive a welcome letter containing a Tax ID number that you will need for filing the commerce tax return or claiming exempt status.

Have questions about this new process?
Call our Las Vegas accountants at 702-870-7999 today!

Below is the chart provided by the Nevada Department of Taxation, for your reference.

If you have any questions as to how the Commerce Tax could affect you and your business,
please give our office a call at (702) 870-7999.