(501) 375-9151 425 West Capitol Suite 3700 Little Rock, AR 72201

Arkansas Tax and Incentives Update

DFA Hearing Calls Party Foul on Restaurant's Tax-Included Drink Pricing

Posted On: Tuesday, August 08, 2017

While Arkansas Department of Finance and Administration generally tolerates retailers not collecting sales tax as a separately stated amount, sellers need to understand the risk of being required to absorb the tax and pay it out-of-pocket instead of treating the sale as tax-included pricing and backing out the tax from the tax base of gross receipts. Hearing nos. 16-209, 16-210, 16-211 (May 8, 2017) illustrates this risk: A restaurant that also sold mixed drinks claimed a tax-included pricing approach, but this was rejected by the Department, likely effectively increasing the tax imposed by 50%. Read More

Summary of 2017 Arkansas Miscellaneous Tax and Unclaimed Property Legislation

Posted On: Tuesday, May 02, 2017

Besides legislation involving the principal Arkansas state and local taxes (sales/use, income, and property), the 2017 legislative session also saw enactment of several bills affecting other miscellaneous Arkansas taxes or unclaimed property rules: Read More


Go Back

Subscribe


Click here to subscribe

Recent Posts


Property Tax Reform? Committee on Economic and Tax Policy Hears Testimony - September 22, 2017

Tax Reform Task Force Selects PFM as Outside Consultant - September 7, 2017

Matt Boch to Speak at Arkansas Sales and Use Tax for Manufacturers Seminar - September 5, 2017


Tag Cloud



Tag List