The Rhode Island Department of Revenue (DOR) has issued an advisory regarding changes to the state’s sales and use tax return for monthly and quarterly periods starting January 2023. The updated returns will allow taxpayers to reconcile sales each period, rather than at the end of the year. This is helpful for Rhode Island sales tax filers as it will eliminate the need for filing a separate annual reconciliation return at year-end. Although it is not mentioned in the advisory, note that the annual reconciliation for the 2022 tax year will still need to be completed as the changes take effect for returns beginning in January 2023.
Source: salestaxinstitute.com
