The filing requirement for Commerce Tax has been changed. If the Nevada gross revenue of your business from July 1, 2018 through June 30, 2019 was $4,000,000 or less, your business is no longer required to file a Commerce Tax return and your Commerce Tax Account will be automatically closed, effective June 30, 2019.
If the Nevada gross revenue for your business from July 1, 2018 through June 30, 2019 was over $4,000,000, your business is still required to file a Commerce Tax return on or before August 14th, 2019.
In the event your Nevada gross revenue exceeds the $4,000,000 threshold in a future year, it is your responsibility to file a return for the year. Failure to do so may result in the assessment of penalty and interest.
For more information about Commerce Tax, including the change in filing requirements, please visit the State of Nevada Department of Taxation’s website: https://tax.nv.gov/WelcometoCOM/
For more information on registering your business with the Nevada Department of Taxation, visit the Nevada Department of Taxation’s website or consult with a local Nevada business lawyer today.