The Texas Comptroller of Public Accounts has issued a policy letter stating that the provision of credit rating services for legal entities is subject to sales and use tax, and taxpayers must begin collecting and remitting tax on these services beginning July 1, 2023. Collection and remittance of tax on such services was previously scheduled to apply effective April 1, 2023. Any charges to develop or update a credit rating, including any administrative, maintenance, and cancellation fees, are part of the taxable sales price of the credit rating service.
Source: salestaxinstitute.com
Latest Posts in "United States"
- New York ALJ Rules Telecom’s FUSF Fees in Bundled Services Subject to Sales Tax
- Texas Ruling: Telehealth Services Not Taxable as Data Processing or Information Services
- Wisconsin Bulletin Clarifies Tariffs as Part of Taxable Sales and Purchase Prices
- Arkansas Rules Online Platforms Must Collect Sales Tax for Both Virtual and In-Person Events
- Florida Repeals Business Rent Tax Effective October 1, 2025: New Guidance Issued
