South Dakota is making changes to its tax rules effective July 1, 2023. The state sales tax rate will be temporarily reduced from 4.5% to 4.2% until June 30, 2027. Additionally, the economic nexus threshold used to determine whether remote sellers are required to charge South Dakota sales tax is being updated. The previous threshold of $100,000 in gross sales or 200 or more separate transactions in the state will no longer include the 200 or more transactions threshold starting July 1, 2023.
Source Fonoa
Click on the logo to visit the website
Latest Posts in "United States"
- US imposes additional tariffs on India for buying oil from Russia
- EU proposes tariff reductions to implement EU-US deal
- Alabama Counties Unite to Protect Simplified Sellers Use Tax Program from Legislative Changes
- Georgia DOR Releases Updated Sales Tax Compliance Certificate Version 2025.0 Effective August 1
- Trump Threatens Tariffs on Nations with Digital Taxes Targeting US Tech GiantsPresident Trump Threatens Increased Tariffs on Countries with Digital Taxes