New law requires each holder of an Illinois Direct Pay Permit to annually review its purchase activity to verify that the purchases made in the preceding twelve-month period were sourced correctly and the correct tax rate was applied as well as also sets forth a penalty that may apply for failure to comply with the bill’s new annual reporting requirements.
Source Deloitte
Latest Posts in "United States"
- Alabama Localities Challenge Simplified Seller’s Use Tax Validity Post-Wayfair in Court Case
- Louisiana Expands Sales Tax to Include Digital Products and Services Starting 2025
- Louisiana Updates 2024-2025 Tax Laws on Digital Products and Services, Adjusts Exemptions
- Indiana Rules Generative AI Chatbot Subscriptions as Nontaxable Services Under Sales Tax Law
- New York ALJ Rules Telecom’s FUSF Fees in Bundled Services Subject to Sales Tax
