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News & Press: Colorado Technology Industry

Colo. software sales tax law is a murky mess

Monday, December 13, 2010   (0 Comments)
Posted by: Nikki Mill
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Denver Business Journal - by William Mueldener

The Colorado Department of Revenue (DOR) website that provides guidance about the new law taxing software illustrates the difficulty in administering this nebulous legislation.

"This page will be updated regularly as more details become available,” it says. "Please check back often.”

But the tax is here, causing a dilemma for companies and the DOR. The state struggles to give taxpayers guidance regarding how to collect and remit tax for the many transaction types. Meanwhile, companies that are trying to charge or pay the tax correctly today could face audits years later that say they didn’t collect or pay the tax ... Full Article >>

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