Proposed rule for sales tax on cloud computing services withdrawn in MS
If you’re paying for cloud computing services in the Magnolia State, there’s good news: The Dept. of Revenue has just withdrawn a proposed rule to make various cloud computing services subject to sales tax.
As written, the proposed rule would’ve imposed the state sales tax on any Software as a Service (SaaS) solution, as well as any platform as a service or infrastructure as a service solutions delivered via the cloud.
Although there are no immediate plans to tax cloud-based solutions in Mississippi, be aware: The governor signed SB 2831 in March 2022. This bill created the Taxation of Remote and Internet-based Computer Software Products and Services Study Committee. The committee’s purpose is to review current sales and use tax laws to create recommendations for taxing internet-based computer software – including cloud computing applications.
Free Training & Resources
White Papers
Provided by UJET
White Papers
Provided by Personify Health
White Papers
Provided by Anaplan
Further Reading
President Biden is calling for wealthy Americans and corporations to pay more in taxes. The president outlined a number of changes he belie...
States are always looking for ways to attract new businesses and prevent existing ones from pulling up stakes. Lowering corporate taxes is ...
The U.S. Supreme Court (SCOTUS) handed down enough precedent-breaking decisions this spring to make anyone’s head spin. The upshot: B...
Another April 15 came and went, leaving many of us poorer and grumbling about government spending. For business owners and the CFOs and con...
The last few months of weather’s taken a toll on homes and businesses in many parts of the country. To lighten the load a bit, the IR...
Wealthy investors are about to lose a tax loophole that IRS allowed for years. The tax cops say its new policy and enforcement will net bil...