Remittance of Tax
39-26-105
(1)Retailer Requirements.
(a)Aretailer is liable for the total tax received from all taxable sales made in each month. The tax shall becalculated usingthe tax rate in effect at the time of the sale and applied to all sales, including all sales made for less than the minimum amount subject to tax.
(b)The retailer shall filewith the Department a reportof their gross sales during the preceding month and shall include nontaxable sales made during such time permitted under Article 26 of Title 39. The returns and supplemental forms must be fully filled out in detail. Supplemental forms must be attached whenever necessary to demonstrate all pertinent facts.
(b)Theretailer must file their monthly return and remit any sales or use taxto the Department on the due date, unless permission has been obtained from the Department, in writing, to make quarterly, seasonal, or annual returns.Payment must be made payable to the Department by check, draft, or money order or may be made by acceptable forms of electronic payment. Cash payments should only be made by personal messenger.
(2)Due Date of Returns.
(a)Bookkeeping and accounting periods ending on the last day of a month are due on the twentieth day of the following month, or the next business day if the twentieth is a Saturday, Sunday or holiday. All returns remitted after this date are delinquent.
(b) Other accounting periods which do not end on the last day of a month are due and shall be filed on the twentieth day following the last day of the accounting period reported, or the next business day if the twentieth day is a Saturday, Sunday or holiday. All returns remitted after this date are delinquent.
(3)Vendor’s Fee. The vendor’s fee is allowed if the retailer timely files a complete tax return, all required schedules and makes full remittance of tax due.
(a) If the retailer is delinquent in filing the tax return or any required schedules or the payment of tax, other than in unusual circumstances shown to the satisfaction of the executive director, the retailer shall not retain the vendor’s fee and shall remit to the executive director an amount equal to the full amount of the tax due for the filing period.
(b) The vendor’s fee shall not apply to organizers of special sales events unless the organizer elects to obtain a sales tax license, file a sales tax return, and remit the sales tax as provided in §39-26-103(9)(b.5)(IV)(B), C.R.S.
Cross Reference(s):
1.You can find returns, schedules, etc. on the Department’s website at > Forms
2.For procedural information on electronic funds transfer, see Procedure and Administration Special Rule 1, EFT Payment Due.
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