The requirements are detailed in a draft Technical Information Release and in an email sent to taxpayers on March 5. There are two critical changes to sales tax compliance obligations that all Massachusetts taxpayers must consider:
- Effective for tax periods beginning on April 1, 2021, monthly sales/use tax returns become due on the 30th of the following month. This change applies to all taxpayers.
- Any taxpayer whose cumulative Massachusetts sales and use tax liability in the immediately preceding calendar year (January to December 2020) exceeded $150,000 will need to make an “advance” sales tax payment due on the 25th of the month based on actual tax collected starting the 1st of the month and ending on the 21st.
Source: SOVOS
