TPT License Updates 2016 - Phoenix, Arizona



Finance Department Tax DivisionNOTICE FROM THE ARIZONA DEPARTMENT OF REVENUE:TRANSACTION PRIVILEGE TAX (TPT) – LICENSE UPDATES 2016The State of Arizona and its Cities and Towns continue to work together to achieve the goal of simplifying the manner in which taxpayers report and pay their Transaction Privilege Tax (TPT). We want to ensure that there is a smooth transition in reporting and paying all TPT transactions. Working toward this end, the Arizona Department of Revenue is requiring all State TPT taxpayers to renew their licenses with the Department and to continue to renew their licenses with the appropriate City.Both the State and the Cities are committed to making this transition as easy as possible. We are confident that these changes will make it easier for Arizona businesses to report their State, County and City TPT taxes. In the coming months, you will continue to receive information, forms, and instruction from both the State and the Cities until the smooth transition is completed.When you receive a form from the State and/or City, please read the instructions for completing the form(s), and submit all forms to the proper taxing jurisdiction by the due date indicated. It is very important that you return the completed form and payment, if applicable, to the correct entity for handling and processing. We thank you for helping us make “TPT Simplification” a success.CITY OF PHOENIX TRANSACTION PRIVILEGE (SALES) AND USE TAX LICENSEANNUAL LICENSE RENEWAL REQUIREDThe city of Phoenix requires a Transaction Privilege Tax License from all businesses that have a transaction privilege (sales) or use tax liability within the city of Phoenix. The Privilege Tax License is valid for one calendar year and must be renewed through the payment of an annual license fee due and payable on January 1. If the payment is not received on or before the last business day in January, a 50 percent penalty on the annual license fee will be assessed. Following is a summary of recent updates to the “TPT Simplification” requirements for city of Phoenix taxpayers:Licensed Taxpayers in 2016The annual Privilege Tax License renewal fees must be remitted to the City of Phoenix Tax Division by the due date of January 1, 2016.Any and all requests for Phoenix Privilege Tax License account updates, including account consolidations, must be sent to the City of Phoenix Tax Division for handling and processing.If you have terminated your taxable business activity in Phoenix, please contact our offices so that we may process the appropriate changes to your Privilege Tax License account.New Applicants in 2016Application fees are not billed for Privilege Tax Licenses.The Privilege Tax License fee is not pro-rated. The license fee billed will be the full applicable fee amount regardless of the liability start date in the year of application.For more information, visit the Arizona Department of Revenue’s website at TPTSimplification.aspx. ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download