Iowa Code r. 701-202.1 - Sales and use tax return filing
(1)
In general. A retailer
owing $1,200 or more in sales or use tax per calendar year shall file a sales
and use tax return once per month. This monthly return is due on or before the
last day of the month following the end of the month in which the tax was
collected. A retailer owing less than $1,200 in sales or use tax per calendar
year shall file a sales and use tax return at least once per annual year, due
on or before January 31 for the prior calendar year. A retailer otherwise
expected to file a return annually may file a return on a monthly basis if the
retailer prefers to do so. Every return shall be signed and dated.
(2)
New retailers. A
retailer who has never held an Iowa sales or use tax permit and has never
collected or accrued sales or use tax in Iowa shall indicate at the time the
retailer registers for its permit whether it expects to file a return monthly
or annually.
(3)
Changes to
filing frequency. A retailer registered to file an annual sales and
use tax return should update its return filing frequency as needed. The
department may adjust a retailer's filing frequency if the retailer has
remitted $1,200 or more in its first year of operation in Iowa and the
department has notified the retailer that it meets or exceeds the filing
threshold.
(4)
Calculating
the $1,200 filing frequency threshold. The threshold for determining
whether a retailer should file a monthly or an annual sales and use tax return
shall be calculated by adding sales and use taxes due in a calendar year. Other
excise taxes should not be included in the calculation, even though they may be
reported on the sales and use tax return.
(5)
Electronic filing requirement and
exception. Retailers required to file a monthly sales and use tax
return shall file the return through GovConnectIowa. A retailer who is unable
to file a return electronically may request permission from the director to
file a paper return. A retailer requesting such permission shall provide proof
of its inability to file electronically.
(6)
Simplified electronic return due
date.
a. A retailer registered to
collect Iowa tax through the Streamlined Sales Tax Registration System as a
Model 1 seller shall file a simplified electronic return on or before the
twentieth day of each month following the end of the month in which the tax was
collected.
b. Any other retailer
using the simplified electronic return shall file the return on or before the
last day of the month following the end of the month in which the tax was
collected.
This rule is intended to implement Iowa Code section 423.31.
Notes
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