What is rhode island sales tax

The table below lists tax collections by source as percentages of total collections. About 51 percent of Rhode Island's total state tax collections came from sales taxes and gross receipts. The link below is to the most recent stories in a Google news search for the terms Rhode Island taxes. These results are automatically generated from Google.

Ballotpedia does not curate or endorse these articles. Tax policy in Rhode Island - Google News. Ballotpedia features , encyclopedic articles written and curated by our professional staff of editors, writers, and researchers. Click here to contact our editorial staff, and click here to report an error. Click here to contact us for media inquiries, and please donate here to support our continued expansion.

Share this page Follow Ballotpedia. What's on your ballot? Jump to: navigation , search. Washington, D. Census Bureau , " annual survey of state government tax collections by category," accessed June 26, Categories : Update needed Rhode Island Tax policy information by state. Voter information What's on my ballot? Where do I vote?

How do I register to vote? How do I request a ballot? When do I vote? When are polls open? Who Represents Me? Congress special elections Governors State executives State legislatures Ballot measures State judges Municipal officials School boards. How do I update a page? Election results. Privacy policy About Ballotpedia Disclaimers Login. Tax policy in Rhode Island.

Tax rates in Tax revenues in Note : For complete notes and annotations, please see the source below. Note: For full annotations, see the source below. Business Corporation Tax - If your business is incorporated, you may be liable for business corporation tax. Use Tax - If you purchase taxable goods and services for use by your business without paying Rhode Island tax, you must pay use tax to the State by filing a Consumer's Use Tax Return.

The Internal Revenue Service's toll-free telephone number is Sales and use tax permits must be renewed annually and each new business location must have its own seller's permit. If your business expands and you open a second location, you must obtain a new permit for the new location.

Also, if the ownership or structure of the business changes for example, if a sole proprietorship becomes a partnership or corporation , a new permit is required.

What if my business is located out-of-state but I intend to come into Rhode Island and sell for example at a craft show? You must complete an application for permit. You will be issued a sales tax permit to collect Rhode Island sales tax. How do I obtain a new copy of my sales and use tax permit if I change my address or lose the permit? Must I make a minimum amount of sales before I am required to register for collection of sales tax? Generally, sales and use tax returns must be filed on a monthly basis on or before the twentieth day of the month next succeeding the month for which the return is required to be made.

The return must be completed by showing "zero sales" and "zero taxes. The tax is computed on the selling price not your cost of the taxable goods, rental, lease or service. In general, sellers of taxable goods and services must report sales on the accrual basis.

This means that all sales you make must be reported during the filing period in which the sale is made, not when the customer renders payment. Complete a Rhode Island sales and use tax resale certificate bearing your sales tax permit number, and give it to the vendor from whom you make a purchase of goods or services which you intend to resell. If you are not required to hold a permit because you are not making sales subject to tax in this state e. A certificate may not be used to purchase items for your own use, such as office supplies, furniture and fixtures.

What must your customers provide to you to demonstrate that they are exempt from paying sales tax? The customer must give you a completed Rhode Island sales and use tax resale certificate or one of several types of exemption certificates.

Nexus means that the business has a physical presence in another state. Just be sure to keep up with all filing deadlines to avoid penalties and fines. Recommended: Hiring a business accountant can help your business file tax returns as well as issue payroll and manage bookkeeping.

Schedule a consultation with a business accountant today to save thousands of dollars on your taxes. Rhode Island requires businesses to file sales tax returns and submit sales tax payments online. Note: Rhode Island requires you to file a sales tax return even if you have no sales tax to report. All Rhode Island sales tax return deadlines fall on the 20th day of the month , unless it is a weekend or federal holiday, in which case the deadline is moved back to the next business day.

Monthly filing: The 20th of the following month, or the next business day, e. April 20 for the month of March, or May 22 for the month of April.

Look up sales tax rates using our Sales Tax Calculator. Check out our guide, Accounting for Small Businesses , or jump to accounting software reviews. Sign up at our Business Center to access useful tools for your business. Rhode Island Registered Agent. Certificate of Good Standing Rhode Island. How to Start a Business in Rhode Island.

Rhode Island Business License. Rhode Island Labor Law Posters. How to Start a Corporation in Rhode Island.