delaware gross receipts tax filing threshold

Public Meetings Tax Center Delaware - Governor Jack Markell - Lt. Chapter 23 of Title 30 of the Delaware Code imposes a license fee and gross receipts tax on various services rendered within the state. Elected Officials The Delaware Gross Receipts Tax is a longstanding tax. File Your Delaware Personal Taxes Personal Income Tax Online Filing Pay Quarterly Estimated Tax File an Extension File Your Delaware Business Taxes Gross Receipts Tax Franchise Tax Pay Franchise Tax from Division of Corporations File Corporate Income Tax Corporate Income Tax … Discover No. The type of business activity additionally determines whether gross receipts tax is remitted monthly or quarterly. Gross receipts tax returns filed late are subject to a penalty of 5% per month, plus interest of 0.5% per month from the original due date until paid. Additionally, a tiered minimum tax is imposed on all businesses with taxable gross receipts of $150,000.00 or more, at amounts ranging from $150 for filers less than $1 million in receipts to $2,600 for filers with more than $4 million in receipts. Q. When determining the gross receipts tax due, most businesses are entitled to an exclusion, which varies depending on the business activity conducted. (30 Del.C., Sec. Delaware. Q. A. Save time and reduce errors when you file your taxes online! ©MMXXI Delaware.gov, Step 2: Requirements for Delaware Businesses, Step 3: Licensing and Registration Information. In instances where a taxpayer derives income from more than one type of activity, separate gross receipts tax reporting is required. These exclusions, provided monthly or quarterly, generally start at $100,000 per month and can be as high as $1,250,000. No. Help Center When are the gross receipts tax returns due? Am I required to file gross receipts tax coupons electronically? In the case of a retailer, “gross receipts” includes total consideration received for all goods sold or services rendered within this State, but shall not include tobacco products taxes or motor fuel taxes paid or payable to the State under Part IV of this title or gasoline and special fuel taxes … In addition to the above penalties and interest, an additional penalty of 1% per month (not to exceed 25%) is imposed for failure to pay (in whole or in part) the tax liability shown to be due on a timely filed return. “Updating thresholds throughout Delaware’s tax code will reduce administrative and compliance costs for small businesses and the Division of Revenue alike,” said Department of Finance Deputy Secretary, David Gregor. Sales of tangible personal property are also subject to a retail or wholesaler license and gross receipts tax. Please note that if your amended return pertains to more than one tax period or includes tax periods other than the current calendar year, you must use the Claim for Revision Form. Delaware Topics State Regulations j. Locations Directory Mobile Apps You may now file your gross receipts tax returns online and make a payment via credit/debit card or by Automated Clearing House (ACH) transaction from your checking account by visiting revenue.delaware.gov and clicking the link “File Gross Receipts Tax.” You will need either your Federal Employer Identification Number or Social Security Number and your Business License Number to access the system. Governor Matthew Denn - List of State Senators ... Division of Revenue: Gross Receipts Taxes. Q. Withholding Tax Q. Delaware State Code Cities & Towns A Request for Change form allows you to make certain corrections or changes to your gross receipts tax coupons, such as changes to your name or address. Gross Receipts Tax Gross receipts tax rates currently range from .0945% to .7468%, depending on the business activity. ... cutting filing frequencies for roughly 1,000 small business gross receipts … Delaware does not impose a sales tax, but it does have an annual business license requirement and it imposes a gross receipts tax on the seller of goods or provider of services. Privacy Policy If you are set-up as a monthly filer, then your gross receipts tax is due on or before the 20th day of each month with respect to the aggregate gross receipts for the immediately preceding month. A. If you are set-up as a quarterly filer, then your gross receipts tax is due on or before the last day of the first month following the close of the quarter. Due either monthly or quarterly at $ 100,000 per month and can be as high as 1,250,000... Adjustments to filing thresholds … Delaware - Governor Jack Markell - Lt delaware gross receipts tax filing threshold. 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