The Vermont Department of Taxes is gradually converting to a new tax system. VTax, a single software platform with automated features, is expected to streamline tax filing/payment and facilitate taxpayer compliance. It will also help the Department discover taxpayer non-compliance.
The four-year implementation timeline is as follows:
- 2014: Corporate and business income, nonresident withholding, and real estate withholding taxes
- 2015: Sales and use, meals and room, local option, withholding, fuel gross receipts, premium and captive insurance, and property transfer.
- 2016: Personal income, charitable funds, land gains, estate, and fiduciary
- 2017: Everything else. That’s cigarette and tobacco, beverage, electric energy, floor stock, hazardous waste, telephone, wind energy, solar energy, bank, land use, solid waste, etc.
Additional information is available through the Department of Taxation.
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Avalara Author
Gail Cole
Gail began researching and writing about sales tax in 2012 and has been fascinated with it ever since. She has a penchant for uncovering unusual tax facts, and endeavors to make complex sales tax laws more digestible for both experts and laypeople.