How to manage your finances in Delaware
A Delaware business owner could get in trouble for not reporting a sales tax bill on time.
The Delaware Department of Revenue (DelDOR) says it will investigate whether a business owner failed to report a sales and use tax bill that was due on June 5, 2016.
In the meantime, the department has issued an advisory advising owners to keep the business revenue tax-free.
The DelDOR says the agency does not have the authority to collect a sales or use tax in the state.
The agency’s assistant director of public relations says the advisory does not apply to Delaware’s sales and excise tax.
But, he says, Delaware’s tax code does provide for penalties for non-compliance.
The advisory says, “Delaware does not impose a sales/use tax.
This is the Delaware business tax.
There are penalties for not complying with the sales/excise tax.
The penalty for failure to comply with Delaware’s business tax is a $500 fine and a one-year suspension of all sales and employment in Delaware.”DOR spokesman Bill Smith says the department will be conducting an investigation to determine the facts surrounding the failure to file.