Oklahoma Amends Nexus Law and Requires Notice to Internet Purchasers Effective November 1, 2016

Friday, May 20th, 2016

 
 
A CPA typing on a keyboard.
Share
Link
Oklahoma
General

Oklahoma recently changed its laws on when a business is subject to sales tax. The new rules may require more businesses to collect tax in Oklahoma.

Under the new law, Oklahoma will presume that an out-of-state company is subject to sales tax if anyone sells the company's products in the state. It will also presume the company is subject to tax if anyone performs services for the company or markets the company's products in the state. The company will have a chance to prove that it is not trying to establish a market in the state.

These rules apply even if the company does not share common ownership with the person performing activities in the state. So if anyone sells a company's goods online, it could make that company subject to tax in Oklahoma.

Finally, the law requires out-of-state sellers who do not collect tax to send statements notifying purchasers in Oklahoma that they need to pay use tax.

The new rules take effect November 1, 2016.

http://webserver1.lsb.state.ok.us/cf_pdf/2015-16%20ENR/hB/HB2531%20ENR.PDF


About TTR

Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.

TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

Louisiana Sales Tax Rates and Exemptions Set to Change...

Friday, May 25th, 2018 -Louisiana's sales tax rates and exemptions are set to change July 1, 2018, when several 2016 law changes will ...

Florida Exempts Generators Used in Assisted Living...

Thursday, May 24th, 2018 -Florida recently adopted an emergency rule on exempt sales of emergency generators for use at nursing homes an...

Washington Penalty Reduction Program

Monday, May 21st, 2018 -Businesses that apply to register with Washington's Marketplace Fairness Penalty Reduction Program by June 30,...

Fuel Used to Heat Detached Garages Taxable in Maine

Monday, May 21st, 2018 -Maine Revenue Services recently released a publication explaining that sales tax applies to fuel that is used ...

Cloud Software No Longer Taxable in Indiana

Thursday, May 17th, 2018 -Effective July 1, 2018, cloud software will no longer be taxable in Indiana. Indiana taxes the sale, lease,...

Sales Tax Increase in the Historic Triangle Region of...

Monday, May 14th, 2018 -Effective July 1, 2018, there will be an additional one percent (1%) regional sales and use tax imposed in the...