Posted by Staff Writer on 7/30/2018 to Federal and State Taxes
Nevada Commerce Tax
Gross Revenue Must Exceed $4,000,000.00.
IncSmart Nevada (Small Business and Startups) - Effective July 1, 2015, NRS 360C, enacted by the 78th Nevada Legislature, imposed an annual Commerce Tax for the privilege of engaging in business in Nevada. The taxable year is July 1 - June 30 and the tax rate is based on the business category in which the business in primarily engaged. Each business entity engaging in business in Nevada is required to file a commerce Tax Return Annually. However, a business will only have a tax liability if its Nevada gross revenue in a fiscal year exceeds $4,000,000.00.