Pennsylvania SB695 amends sales and use tax filing requirements for different tax liability brackets.
Pennsylvania SB695 modifies the filing requirements for sales and use tax returns. For the year it becomes effective and each year thereafter until January 1, 2026, quarterly returns must be filed by April, July, October, and January. Annually, licensees with a tax liability of up to $1,200 for the fourth quarter must file a return. Monthly returns are required for those with a tax liability of $600 to $25,000 for the third quarter. Those with a tax liability of $25,000 to $100,000 for the third quarter must file monthly returns.
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