- Maine announced a new Budget Bill for fiscal years ending in 2025, 2026, and 2027.
- The Bill includes changes to sales and use tax, adding digital audiovisual and audio services to taxable services.
- Starting January 1, 2026, streaming services like Netflix and Spotify will be taxed at 5.5 percent.
- The Service Provider Tax is repealed, making services like cable and satellite TV subject to the general sales tax at 5.5 percent.
- The tax base now includes digital services, accommodation rental, electricity transmission, fabrication services, and prepaid calling services.
- The expansion aims to increase state revenue, requiring digital service providers to start collecting and remitting taxes.
Source: vatabout.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
