- Utah is eliminating the 200-transaction requirement for economic nexus, effective July 1, 2025.
- Economic nexus will now be based solely on gross revenue.
- Remote sellers and marketplace facilitators must collect and remit tax if they earn over $100,000 in gross revenue in Utah.
- The previous requirement of 200 transactions is removed.
- Businesses should review sales activity to determine if they meet the new threshold.
- Thompson Tax offers consulting services to help businesses comply with the new regulations.
Source: thompsontax.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.
