Indiana Sales Tax Compliance

Compared to some other states, Indiana sales tax compliance laws are fairly straight-forward, and they have one of the less confusing tax rates. Indiana has a consistent 7% state-level sales tax rate. The state does not have any other reduced rates, so you can expect to pay a 7% tax rate every time.

Indiana Sales Tax

There are two frequencies at which you can file your tax returns. In Indiana, you will either file monthly or annually. The state offers two due dates for monthly filings which are based off one’s monthly tax liability. The first due date is the 20^th of each month, and this due date applies to taxpayers that have more than $1,000 in average monthly tax liability based off the last calendar year. The second filing date of the month is the 30^th, and this is available for taxpayers who have less than $1,000 in average monthly tax liabilities from the previous calendar year. Annual filers due date is January 31^st for the previous year’s activity.

Along with Indiana’s stable tax rate, the state makes doing one’s taxes even less complicated by not requiring any pre-payments or accelerated payments., The state also has a collection allowance to reward taxpayers who submit and pay on time  based on the previous calendar year's tax liability. There are three different collection allowance rates:

1. 0.73% up to $60,000

2. 0.53% between $60,000 and $599,999.

3. 0.26% over $600,000

Luckily, when it comes to taxes, Indiana sales tax compliance has one of the more clear-cut returns out there. Many states have varied tax rates depending on purchases, liabilities, and other possible factors. Fortunately for taxpayers, Indiana likes to keep their tax rate simple and easy to understand by making the sales tax rate 7% everywhere in the state. This makes filing tax and returns a lot easier on a taxpayer because they do not have to stress over whether or not they are paying the correct rate, and they will not get lost in complicated tax jargon.

If you are interested in learning more information about Indiana sales tax compliance, take a look at the Indiana Dept. of Revenue's website.

Indiana Sales Tax Compliance Services

Agile’s experienced sales tax consultants can help by completing your company’s ongoing compliance  filings in the state of Indiana. In fact, we’ve offered an outsourcing solution for both this process since 2005. You can learn more about our outsourced sales tax compliance services or simply give us a call at (888) 350-4829. We are interested to learn more about your needs, and you might be surprised how little it

will cost to have a sales tax expert take this responsibility off your hands!