Vermont Vermont

Vermont

Standard rate:

6%

Who is obliged to register sales tax:

An out-of-state vendor making sales into the State must register and collect sales tax if they made sales of at least $100,000 or 200 individual transactions during any preceding twelve-month period. 

Once the threshold is exceeded, you must register and start collecting tax within 30 days.

Threshold:

– $100,000 

or 

– 200 individual transactions

 

Merchant thresholds by state

Marketplace thresholds by state

The special rules are applicable for the SAAS business.

Software as Service Tax Thresholds by state

Online Marketplaces:

Remote sellers are required to register to collect and remit Vermont sales tax, provided they meet the threshold, unless the marketplace is collecting and remitting Vermont sales tax on their behalf. 

Registration procedure:

Taxpayers can use myVTax to register for the first time with the Department of Taxes.

Information Required to Registration:

  1. You will need the following information in order to complete your registration:
  2. Taxpayer ID (eg. FEIN, SSN)
  3. Taxpayer Name
  4. Taxpayer Mailing and Location Address
  5. Account Name(s)
  6. Account Mailing and Location Address(s)
  7. Account Start Date and Other Relevant Attributes
  8. Location Information (Sales & Use and Meals & Rooms only)
  9. Names, addresses, and identification numbers of your business principals.

Sales tax payment and filing date:

The Department of Taxes determines the filing frequency for each taxpayer.  If the listed due date falls on a day-off, the due date is the following business day. 

You must pay sales tax by the 25th day of the month following the reporting period

Penalty and interest:

Any tax due and unpaid by the original due date will bear interest at the statutory rate, and a penalty of 1% or 5% per month, up to a maximum of 25%. You can extend the deadline for filing your return to avoid late fees.