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Sales and use tax: Supreme Court overrules physical presence requirement

Sales and use tax: Supreme Court overrules physical presence requirement

There was big news in the sales tax world recently. The Supreme Court decided in favor of South Dakota in the South Dakota v. Wayfair case.

The court has decided physical presence is no longer necessary to create sales tax nexus and it opens the door for South Dakota and other states to use economic nexus thresholds such as South Dakota’s $100,000 in sales or 200 transaction threshold to assert sales tax nexus.

Please see the attached PDF for additional details on this ruling and how it may impact you. If you have any questions, we are available to help.

 

Posted By Jessica Lehmen, CPA on 6-25-2018 | Topics: Client Alerts, News,