Information for businesses from the Do I Need an Iowa Retailer’s Use Tax Permit?

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Presentation transcript:

Information for businesses from the Do I Need an Iowa Retailer’s Use Tax Permit?

Do I need a Retailer’s Use Tax Permit? Are you located outside Iowa? Yes AND Do you make taxable sales in Iowa? Yes You may need a retailer’s use tax permit. Located in Iowa and make taxable sales in Iowa? See Iowa Sales Tax Permits.Iowa Sales Tax Permits.

How do I know if I need a permit? You are required to charge and collect Iowa tax if you have nexus (a presence) in Iowa. If you have nexus, you need an Iowa retailer’s use tax permit.

What Creates Nexus? An office, warehouse, or other business property in Iowa A representative located in Iowa permanently or temporarily:  an employee of the retailer, or  an independent contractor Installation of products in Iowa A construction contractor performing a contract in Iowa Service work performed in Iowa Delivery of products by your own trucks in Iowa Leases of tangible personal property in Iowa

What is taxable in Iowa? All Tangible Personal Property  Unless a specific exemption has been written into the law. AND Certain Services Listed in the Iowa Code  About 75 Services are Currently Taxable in Iowa. See: Services: Which Ones Are Taxable?Services: Which Ones Are Taxable?

How do I Apply for a Permit? Complete the Business Tax Registration online.Business Tax Registration There is no fee. Your permit number will be mailed to you in a letter. You may begin making sales and collecting tax as soon as you submit an application.

Do I Need to Renew Every Year? No. Once issued, a permit is effective until it is canceled by the retailer or revoked by the Department.

How Often & When Do I File? Filing Frequency is based on how much tax you expect to collect. This amount is indicated on your application when you register for your permit. For more details: Filing Frequencies and Return Due Dates.Filing Frequencies and Return Due Dates

How Do I File? Tax returns are filed electronically through the Department’s online service eFile & PayeFile & Pay.

Questions? More information can be found in the Iowa Sales and Use Tax Guide Call us: 8 a.m. - 4:15 p.m. CT or (Iowa, Omaha, Rock Island, Moline) us at