Details of the DRS tax payment extensions

Sales and Use Tax

Has DRS extended the filing and payment deadlines for sales tax returns? (added 3/30/2020)

Yes, within the parameters outlined below.

What small business taxpayers qualify for this relief? (added 3/30/2020)

Taxpayers that have $150,000 or less in annual Sales Tax liability qualify for an automatic extension of time to file and pay. Similarly, taxpayers that have $150,000 or less in annual Room Occupancy Tax also qualify for this relief. A taxpayer that collects both Sales Tax and Room Occupancy Tax must evaluate each tax separately to determine eligibility for relief.

How does a taxpayer determine if it is a qualified small business? (added 3/30/2020)

Taxpayers are required to utilize a calendar year look back period of January 1, 2019, through December 31, 2019. Any taxpayer that reported $150,000 or less in tax during that period qualifies for the relief.

What returns are covered by this extension? (added 3/30/2020)

  • For monthly Sales Tax and Room Occupancy Tax filers: returns and payments due March 31, 2020, and April 30, 2020, are extended to May 31, 2020.
  • For quarterly Sales Tax and Room Occupancy Tax filers: returns and payments due April 30, 2020, are extended to May, 31, 2020.

https://portal.ct.gov/DRS/COVID19/DRS-COVID-19-Response-FAQ

COVID19 Response DRS Announcements

Notice Governor Lamont is telling Connecticut residents to “Stay Safe, Stay Home.” All non-essential workers statewide are being directed to work from home, effective Monday, March 23 at 8:00 p.m. For the latest information, resources, executive orders, and guidance related to coronavirus (COVID-19), visit ct.gov/coronavirus

portal.ct.gov

 

Thanks to Melinda Wilson, Assistant Director of Economic Development, SE CT Enterprise Region

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