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Idaho Economic Nexus Now Standard on Sales Tax

by | Mar 9, 2019 | Oracle EBTax, Sales Tax

Idaho to employ Economic Nexus for Out of State Sellers

Idaho is set to employ the same Economic Nexus standards as established in the recent ruling in the case before the the Supreme Court  in South Dakota vs Wayfair.

The planned start date is July, 1st, 2019.

Those firms selling $100,000 in taxable sales (goods or services) in the current or previous year would be responsible for registering for, charging, collecting and remitting Sales Tax to the State of Idaho.

That means registration. That means making sure you Oracle Invoicing system has the 11 ID jurisdictions and the corresponding rates for those jurisdictions. That means adjusting your categories to assure that items sold are linked to the appropriate categories of reduced or exempt or zero rates supplies. With only 11 jurisdictions in Idaho Oracle EBTax can be updated easily here to handle sales into Idaho.

As a matter of reporting your Oracle system will need to be able to break out sales in Idaho by Jurisdiction.  Idaho State Tax Commission is charged as the single point of administration for Idaho Sales Tax so you only need to register with one authority for Idaho

Idaho is clearly not alone. (See Florida’s plan here) You can expect that just about all States that charge Sales Tax will be employing the same or similar standards as Idaho. 

Note:  This blog is for informational purposes only and does not intend to provide legal or tax advice.

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