Recent News
Filing Tax on Optional Maintenance Contracts
October 15, 2014
Some dealers and their DMS vendors are still struggling to properly document and collect sales tax when they sell a motor vehicle maintenance
contract. In late 2012, the Minnesota Department of Revenue announced a change in how retailers must charge sales tax when they sell optional maintenance contracts for a separate charge.
Here’s a link to Revenue Notice 12-12 dated November 26, 2012. http://bit.ly/ZCmw62
Your MADA Newsletter includes full instructions from Legal Counsel Jim Schutjer about how to manage these charges and filing requirements.