Revised threshold for TPT electronic filing and paying goes into effect Jan. 1, 2020
Under legislation that became law in 2017, businesses with an annual transaction privilege tax (TPT) and use tax liability of $5,000 or more during the prior calendar year will be required to file and pay electronically starting in February 2020 for the January reporting period.
The revised 2020 threshold of $5,000 is a change from the 2019 level of $10,000.
Businesses filing returns electronically are eligible to receive up to $2,000 back through the enhanced accounting credit for e-filing.
E-filing and paying is more secure and faster for taxpayers and critical for ADOR to deliver a more results-driven, customer-focused management system that produces enhanced services for Arizonans.
Businesses failing to electronically file and pay are subject to the following penalties:
- Five percent of the tax amount due for filing a paper return. The minimum penalty is $25, including filings with zero liability.
- Five percent of the amount of payment made by check or cash.
To file and pay online, a business must be registered on www.AZTaxes.gov and utilizes Automated Clearance House (ACH) Debit, e-check or credit card as a payment method to comply with electronic funds transfer (EFT) payment requirements.
For more information on transaction privilege tax, including TPT filing and paying requirements, go to https://azdor.gov/transaction-
For more information on the Arizona Department of Revenue, visit: www.azdor.gov.