![]() Unlike gross receipts taxes in other states (e.g., Ohio commercial activity tax), Nevada does not permit consolidated or combined filing by related businesses. Once a taxpayer has selected a classification on its initial return, it must petition the Nevada Department of Revenue to change it on future returns. Sections 363C.300 to 363C.560.)įor purposes of the statute, a business's Nevada Commerce Tax classification is based on its North American Industry Classification System (NAICS) code however, the NAICS code may not always reflect the current nature of a business accurately. (The rates by industry sector are set forth in Nev. The rate of the tax varies according to a schedule based on the type or classification of the earned business revenue. Businesses with $4 million or less of Nevada gross receipts are not required to file a return. The Nevada Commerce Tax is based on a taxpayer's Nevada gross receipts over $4 million earned from Jthrough June 30, 2021. (Unlike the gross receipts tax returns of nearly every other state, the filing of the return is not tied to the taxpayer's year end but that of the state.) ![]() That means that this year, the return for all taxpayers is due August 16, 2021. The Nevada Commerce Tax return is due 45 days following the end of Nevada's fiscal year, which ended on June 30, 2021.
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