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In most states, the threshold for economic nexus is $100,000 in sales or 200 transactions over 12 months. There are exceptions, though; for example, in Texas and California the threshold is $500,000.
What are the exemptions for sales tax in Arkansas?
Tax-exempt customers Some customers are exempt from paying sales tax under Arkansas law. Examples include government agencies, some nonprofit organizations, and merchants purchasing goods for resale. Sellers are required to collect a valid exemption or resale certificate from buyers to validate each exempt transaction.
What is the nexus for income tax in Arkansas?
Generally, a taxpayer has nexus with Arkansas if its business activity in Arkansas goes beyond the mere solicitation of orders for the sale of tangible personal property as set forth in Public Law 86-272, which is codified at 15 U.S.C. 381.
Who is the head of the DFA in Arkansas?
Jim Hudson As Chief Financial Officer and Department Secretary, Hudson and DFA oversee the states taxing authority, state budget, accounting, motor vehicle administration, driver services and regulation of industries such as alcohol, tobacco, medical marijuana, gambling and live horse racing.
What is the nexus for sales tax in Arkansas?
Economic nexus All remote sellers and marketplace facilitators that exceed $100,000 or 200 transactions in sales into Arkansas in the current or previous year are required to collect and remit Arkansas sales and use tax.
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Toll free number for registration renewal help line is 1-888-389-8336. You have 60 calendar days after becoming a resident to register your vehicle in Arkansas. Applications can be made in any state revenue office. Arkansas law requires that an application for title be signed by the owner(s) of the vehicle.
What is DFA Arkansas?
The Arkansas Department of Finance and Administration provides an extensive array of services catering to residents, businesses, and governmental entities within the state. To explore how DFA can effectively address your specific needs, we invite you to peruse the featured services outlined below.
What is the sales tax nexus threshold in Arkansas?
All remote sellers and marketplace facilitators are required to collect and remit Sales and Use tax to the State of Arkansas if within the current or previous year the sale of tangible personal property, taxable services, a digital code, or specified digital products for delivery into Arkansas exceeded one hundred
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Licenses, Permits and and Tax Requirements
The Arkansas Department of Finance and Administration will issue a sales and use tax permit number to your business. It is not the same number as the Employer.
The Arkansas Department of Finance and Administration provides an extensive array of services catering to residents, businesses, and governmental entities
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