Monday, July 3, 2017

New 5.8% Rate on Florida Commercial Rents' Sales Tax

Beginning July 1, 2017, commercial rents billed and paid after July 1, 2017 for commercial properties located in Florida, will be taxed at a rate of 5.8%. Any billed but not received rents, including billings for occupancy prior to June 30, 2017 must collect and remit at 6% rate.  Taxpayers must file a return to qualify for the reduced tax rate.

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