Sales Tax - NYS Tax Department issues guidance on transactions between certain related entities and purchases made by nonresident businesses

New York State Department of Taxation and Finance sent this bulletin at 08/15/2017 02:43 PM EDT

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Guidance on transactions between certain related entities and purchases made by nonresident businesses

TSB-M-17(4)S, Amendments Regarding Sales Tax Rules for Transactions between Certain Related Entities and for Purchases Made by Nonresident Businesses

This memorandum explains recently enacted legislation that:

• amends how sales tax applies to transactions between certain related entities, and

• narrows the exclusion from use tax for purchases made out of state by nonresident businesses.

To view the entire document, visit the link below:

https://www.tax.ny.gov/pdf/memos/sales/m17_4s.pdf

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