Two Weeks Remaining for Transaction Privilege Tax License Renewals

As a follow-up to an information bulletin from last month, the Arizona Department of Revenue (ADOR) is prompting businesses to renew their TPT licenses, which are due January 1, 2020.

TPT licenses are valid for one calendar year, from January 1 through December 31. Licenses renewed within the calendar year must still be renewed at the start of the following calendar year.

Taxpayers must renew the license before carrying on with business in Arizona. Failure to renew or renewals after January 1 will incur penalties and/or late fees.

Effective October 1, TPT went into effect for out-of-state businesses that do not have a physical presence in Arizona. Remote sellers and marketplace facilitators that do not have a physical presence in Arizona must renew if the following thresholds for sales to customers in Arizona in either the current or prior calendar year are meet.

• Marketplace facilitators: $100,000
• Remote Sellers: $150,000

ADOR strongly encourages taxpayers to renew online via the AZTaxes.gov for easier renewals and faster processing. State law requires taxpayers with multiple business locations to renew their TPT license electronically.

Taxpayers no longer in business must cancel their license, and can do so through AZTaxes.gov or by submitting a Business Account Update Form with a cancel effective date. This will ensure account history remains in good standing.

For further assistance on completing a license renewal through AZTaxes.gov, view our video tutorial.

For more information, visit www.azdor.gov/transaction-privilege-tax/tpt-license/renewing-tpt-license

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TaxCloud:
Patrick Riley
Vice President, Business Development
+1 203-803-2048
priley@taxcloud.com