TPT Updates--March 2021

Transaction Privilege Tax Changes and News

FEEDBACK OPPORTUNITIES

TPT Taxpayers are invited to provide feedback in the following feedback opportunities:

 

DUE DATE REMINDERS

TPT Filing Frequency and Due Dates*- Monthly and Quarterly
The downloadable 2021 printable schedule is available at azdor.gov/transaction-privilege-tax/due-dates.

TPT filers are reminded of the following February TPT filing deadlines:

  • March 22 - TPT return due date
  • March 30 - Paper returns must be received by ADOR by 5 p.m. on this date
  • March 31 - Electronic returns must be received by ADOR by 5 p.m. on this date

* The electronic due date for TPT return is dependent on the return and payment being timely and filed electronically.

 

Tax Changes

Town of Colorado City
On January 11, 2021, the Mayor and Council of the Town of Colorado City approved Ordinance #2021-01, which reduces the rate of taxation for Restaurants and Bars from seven percent (7%) to three and one half percent (3.50%).

  • Section 455. Restaurants and Bars

Rates that will change on the Transaction Privilege and Other Tax Rate Tables are as follows:
Restaurant and Bars, (011) 3.50%

Effective April 1, 2021

 

DID YOU KNOW

Common TPT Taxpayer Errors

  • Sending in copies or duplicate returns can delay processing.
  • Filling out the form incorrectly, for example, entering SSN or EIN instead of their TPT license number.

Filing Facts

  • Keep your account history in good standing and avoid penalties. If no longer in business, cancel your existing TPT license on AZTaxes.gov or submit a Business Account Update Form.
  • A $0 TPT return must be filed for temporarily closed businesses and residential rental property owners with no sales/or tax due. Go to azdor.gov/transaction-privilege-tax-tpt for more information.
  • The tax rate look up tool on AZTaxes.gov is a useful tool for TPT filers in helping them find the TPT rates for any location within the state of Arizona.

 

NEWS

ADULT USE MARIJUANA
Adult use marijuana dispensaries must remit transaction privilege tax (TPT) and marijuana excise tax (MET) to the Arizona Department of Revenue. Marijuana establishments are liable for retail TPT and MET on adult use marijuana products immediately upon being licensed by the Arizona Department of Health Services to make such sales to Arizona consumers.

An ADOR TPT license and a MET registration number are required to file and pay taxes, and can be obtained through the Medical, Adult Use or Dual License Transaction Privilege/Use/Excise Tax Application (JTM-1). Dispensaries must report the adult use marijuana excise tax on Form MET-1, and should be completed prior to completing the TPT return. For January and February periods, please submit a paper MET-1 form. Forms for March and future periods can be submitted electronically. The TPT return is used to report and remit state/county and city TPT liabilities on all retail sales, including the sale of medical or adult use marijuana and anything else sold by the business.

For more information, visit https://azdor.gov/transaction-privilege-tax/adult-use-marijuana/filing-requirements.

 

EDUCATION, TUTORIALS AND TRAINING

ADOR makes available online workshops and tutorials on topics such as setting up AZTaxes, new user registration, understanding location codes, filing an electronic TPT return and more.  

All ADOR workshops are free of charge.   Below are upcoming options available to taxpayers.  To register or access online workshops, tutorials and resources, visit azdor.gov/taxpayer-education.

BUSINESS TAX BASICS WORKSHOPS
Statewide (via WebEx) 
Wednesday, March 17, 2021
1:00 p.m. - 4:00 p.m.

Wednesday, April 14, 2021
9:00 a.m. – 12:00 p.m.

AUTOMOBILE DEALER BUSINESS TAX WORKSHOP
Statewide (via WebEx) 
Wednesday, March 24, 2021
1:00 p.m. - 3:00 p.m.

ADOR WITHHOLDING TAX FOR BUSINESS OWNERS & PAYROLL SERVICE PROVIDERS
Statewide (via WebEx) 
Wednesday, April 7, 2021
1:00 p.m. - 4:00 p.m.

Statewide (via WebEx) 
Tuesday, February 23, 2021
1:00 p.m. - 3:00 p.m.
 

TPT_Updates-2103.pdf
Document
TPT_Updates-202103.pdf