Arizona DOR Issues Reminder for Businesses to Renew Transaction Privilege Tax Licenses to Avoid Penalties

The Arizona Department of Revenue (DOR) May 1 issued a reminder advising businesses to complete the 2023 transaction privilege tax (TPT) licensing renewal process for sales and use tax purposes. The DOR provides that: 1) it will send renewal billing letters to businesses with overdue renewal fees; 2) businesses need to renew their past TPT licenses to avoid penalties and delays in receiving their new licenses; 3) renewals were due on Jan. 1; and 4) taxpayers that are no longer in business can cancel their existing TPT license through the official website or submit a Business Account Update Form with ...