- South Dakota’s sales tax rules changed due to the 2018 Wayfair ruling.
- Senate Bill 43 was signed in February, setting a new timeline for tax compliance.
- Remote sellers and marketplace facilitators now have 30 days to register and start collecting sales tax after establishing economic nexus.
- The 30-day period allows businesses to prepare for compliance.
- Tax professionals must ensure timely registration and tax collection.
- The economic threshold is USD 100,000 in gross sales in the previous or current year.
- The grace period helps remote sellers meet obligations.
- Other states may adopt similar registration rules.
Source: vatabout.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
