Proposed Regulatory Amendment For Georgia Direct Pay Holders
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)