Proposed Regulatory Amendment For Georgia Direct Pay Holders

Posted by Michael Radvansky - May 20, 2016 - Newsletter - No Comments

The passage of H.B. 960 into law has not yet affected the Georgia Department of Revenue’s current proposed amendment to Georgia’s direct pay rules (Rule 560-12-1-.16 Direct Pay Reporting).

Beginning January 1st, 2017, taxpayers who have a direct pay permit already on file would have to re-apply for a new permit. The new permit would be issued contingent on taxpayers waiving their right to interest on any self-accrued use tax overpayments. The GDOR currently charges interest on underpaid sales and use tax at the statutory annual rate of 12%.

For more information visit:

Georgia Department of Revenue – (Rule 560-12-1-.16 Direct Pay Reporting)

https://dor.georgia.gov/documents/rule-560-12-1-16-direct-pay-reporting