City and County of Denver, Colorado
TAX GUIDE
Topic No. 30
FILING PERIODS
MONTHLY filing is required if the average monthly tax liability for the previous six months exceeds $300. The return is due on the 20th day of the month following the taxable month.
QUARTERLY filing is allowed if the monthly tax liability for the preceding six months averages $300 or less. Due dates are April 20, July 20, October 20 and January 20.
ANNUAL filing is allowed if the monthly tax liability for the preceding six months averages $15 or less. The return is due on the 20th day of January following the taxable year.
If the due date falls on a holiday or weekend, the return will be considered due on the next business day.
If filing returns under the above rules create an unnecessary hardship because of the accounting method regularly employed (such as 13 periods per year, or a 4-4-5 week system), the taxpayer may apply, in writing, to file on another basis.
Bars, liquor stores, restaurants, caterers, and street vendors are required to file monthly tax returns.
XYZ Stores, a national retail department store chain, has recently closed two stores in Denver. Their average monthly Denver sales tax remittance dropped from $9,000 to $200 over the last six months because they are currently collecting Denver sales tax only on deliveries into Denver from their suburban store. XYZ could have their filing period changed from monthly to quarterly.
* DRMC Section 53-23. Administration of article; rules and regulations.
* DRMC Section 53-28(a),(b). Retailer responsible for payment of tax.
* DRMC Section 53-31. Special accounting basis for remittance of tax.
* DRMC Section 53-94. Administration of article; rules and regulations.
* DRMC Section 53-99(a),(b). Retailer responsible for payment of tax.
* DRMC Section 53-102. Special accounting basis for remittance of tax.
* DRMC Section 53-169. Administration of article; rules and regulations.
* DRMC Section 53-174. Vendor responsible for payment of tax.
* DRMC Section 53-176. Special accounting basis for remittance of tax.
* Rules Relating To Frequency Of Periodic Sales And Use Tax Returns.
Occupational Privilege Tax returns are required to be filed each month by businesses with 10 or more employees, due on the last day of the month following the taxable month. All others can file QUARTERLY, due April 30, July 31, October 31, and January 31.
If the due date falls on a holiday or weekend, the return will be considered due on the next business day.
ANNUAL filing is allowed if the total yearly tax liability can be predetermined. Sole proprietors and partnerships without additional employees may pay their yearly liability in advance, by the due date of the first quarterly return (April 30).
Businesses with a bi-weekly payroll system (26 payrolls per year), may be allowed to file and report the tax based on 13 periods of 4 weeks each during a calendar year. The taxpayer must apply, in writing, to file on such a basis. Filing due dates would be 30 days following each 4-week period. On a 13-period basis, an employee is a person who receives more than $461.50 in gross compensation in each 4-week period. The Employee Occupational Privilege Tax rate factored over 13 periods is $5.31 each period. The Business Occupational Privilege Tax rate factored over each period is $3.69, for a total remittance of $9.00 for each taxable employee when reporting on a 13-period basis.
* DRMC Section 53-239. Administration of article; rules and regulations.
* DRMC Section 53-244. Responsibility to pay tax.
* DRMC Section 53-294. Administration of article; rules and regulations.
* DRMC Section 53-296(b). Imposition of tax.
THE ABOVE INFORMATION IS A SUMMARY IN LAYMAN'S TERMS OF THE RELEVANT DENVER TAX LAW FOR THIS INDUSTRY OR BUSINESS SEGMENT. IT IS NOT INTENDED FOR LEGAL PURPOSES TO BE SUBSTITUTED FOR THE FULL TEXT OF THE DRMC AND APPLICABLE RULES AND REGULATIONS.
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