Copy-of-sales-tax_9_2010 by fanzhongqing

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									                         Virtual Enterprises, International
                        122 Amsterdam Avenue, Room 251
                               New York, NY 10023

                                VEC State and Local
                                 Sales Tax Return

Firm Identification Number
Firm Name
Address
City, State and ZIP Code
Tax Period: Beginning Date                       Ending Date


1. Gross Receipts
2. Non Taxable Sales
3. Balance Subject to Tax (line 1 minus line 2)
4. VEC Sales Tax Due 8.75% (line 3 times .0875)
5. Deduct interim payments
6. Amount Due (line 4 minus line 5)
7. Penalty and Interest (see below)
8. Adjusted Amount Due (line 6 plus line 7)


                 Make payment to VEC Sales Tax Account # 100002330
     Penalty for non-payment of sales tax ranges from 5% to 150% of the tax collected
            Interest on all unpaid sales tax will be computed at 1.5% per month


I verify that all tax information on this form is correct. I am aware that if any of the foregoing
          information provided by me is knowingly false, I am subject to punishment.




Print name of person preparing this form________________________________________

Signature of person preparing this form________________________________________

Date____________________________________________________________________
                             Virtual Enterprises, International
                            122 Amsterdam Avenue, Room 251
                                   New York, NY 10023

                 VEC State and Local Sales Tax Instructions
      For sales that take place between:               Sales tax must be paid and reports will be
                                                                       due on:
           June 1 and September 30                                    October 20.
          October 1 and November 30                                  December 20.
          December 1 and February 28                                   March 20.
             March 1 and May 31                                        June 10.

1. Include all sales made during the time period. Certain services that you provide may also be
taxable. Refer to the NYS homepage (Publication 750) for further information about which products
and services are taxable. (www.tax.state.ny.us/pubs_and_bulls/Publications/sales_pubs.htm)
2. If you sell both taxable and non-taxable products, enter the total of non-taxable sales on this line.
Additionally, if you sell to customers that are exempt from VEC sales tax, include those sales on
this line.
5. Once you have collected $10,000 in sales tax, do not wait for the scheduled report due date to
pay the sales tax. Payment to the VEC Sales Tax account should be made by the 20th day of the
month following the month that you have reached the $10,000 threshold. Use the interim payment
voucher below.
7. If the Sales Tax Report is not filed by the scheduled date and/or payment is not made by the due
date, your firm will be charged interest and assessed a penalty. Interest will be computed at 1.5%
per month. The minimum interest charge will be one month's interest. Penalties will be assessed
according to the following schedule.
           If the amount of sales tax due falls between:                   the penalty will be:
                             0 and $500                                            5%
                         $501 and $1,000                                          10%
                        $1,001 and $2,500                                         15%
                        $2,501 and $5,000                                         20%
                       $5,001 and $10,000                                         25%
                      $10,001 and $15,000                                         40%
                      $15,001 and $25,000                                         60%
                      $25,001 and $50,000                                         75%
                      $50,001 and $75,000                                        100%
                      Greater than $75,000                                       150%

 You may submit this form by mail (use the above address and mark the envelop "Att: VEC Sales
 Tax"), by fax (212 799 7528), or electronically (complete the form and then submit the data on the
                                            VEC website).
                                   Interim Payment Voucher
Firm:                                           Firm ID #:
Tax Period: Beginning Date                      Ending Date
1. Gross Receipts
2. Non Taxable Sales
3. Balance Subject to Tax (line 1 minus line 2)
4. VEC Sales Tax Due (line 3. times .0875)
                     Make payment to VEC Sales Tax Account # 100002330



                                                                                                   Revised 5/16/2012

								
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