As per the previous guidance, services to assign credit ratings to legal entities are taxable as credit reporting services. In order to give taxpayers time to comply with the updated policy, the Comptroller instructs taxpayers to begin collecting and remitting tax on their taxable credit rating services beginning July 1, 2023.
Source: cch.com
Latest Posts in "United States"
- Trump Threatens Tariffs on Countries Imposing Digital Taxes on American Tech Companies
- Indiana Rules Generative AI Chatbot Services Exempt from Sales Tax
- Louisiana Enacts Comprehensive Sales Tax Overhaul Impacting Digital Products and Expanding Exemptions
- Missouri Clarifies Sales Tax Obligations for Out-of-State Roofing Contractors in New Ruling
- Georgia DOR Issues E-Signature Guidance for Business Registrations and Tax Returns
