Sales tax reporting deadlines in Arizona also vary, with quarterly prepay options, quarterly, monthly, fiscal yearly, and yearly options. This varies based on a few scenarios, including but not limited to your reported sales tax, anticipated taxable sales at time of registration, among other criteria.
While sales tax and sales tax reporting can be complex, your experts at A-Team Accounting have the knowledge and experience to ensure you are timely and compliant.
The state sales tax rate in the State of Arizona is currently set at 5.6% (depending on your local municipality, however, the total tax rate can be as high as 11.2%). It is important to stay current on these rates as they can affect both your state reporting and your business budget.
According to the Tax Foundation, Arizona ranks 11th for highest sales tax rates in the country!
Tennessee, Louisiana, Arkansas rank 1st, 2nd, and 3rd respectively.