What makes a sale a retail sale in Colorado?
A sale by a wholesaler or jobber to an end user or consumer is a retail sale and not a wholesale sale. In general, leases of tangible personal property are considered retail sales and are subject to Colorado sales tax.
Do you have to pay sales tax on wholesale sales in Colorado?
Wholesale sales are not subject to sales tax. The following sections outline criteria for determining whether a particular transaction is a sale, whether a particular sale is a retail sale, and whether a retail sale is made in Colorado and therefore subject to Colorado tax.
Who is responsible for collecting sales tax in Colorado?
However, the Department does not administer and collect sales taxes imposed by certain home-rule cities that instead administer their own sales taxes. The information in this publication pertains only to the state and local sales taxes administered by the Colorado Department of Revenue.
Where can I find sales reports in Colorado?
In these reports you’ll find information on the number of retailers, number of returns, gross sales, retail sales, and state net taxable sales. Additionally, we offer reports on the retail sales in major counties and major cities in Colorado by industry.
How are sales tax returns reported in Colorado?
The County Reports summarize the number of returns, gross sales, retail sales, state net taxable sales, and state sales tax monthly by county. Starting with 2020, state sales tax values are no longer reported due to the implementation of HB19-1245, which changed the availability of state sales tax data for these reports.
Who is the Department of revenue in Colorado?
The Colorado Department of Revenue is the single state authority to administer (register, collect, distribute and audit) sales taxes for all state-collected jurisdictions in the state of Colorado.
How often do businesses file tax returns in Colorado?
Additionally, we offer reports on the retail sales in major counties and major cities in Colorado by industry. Return Filing Frequency – Many businesses file returns monthly, but some file quarterly or annually.