Washington DOR Proposes to Amend Sales Tax Regulation on Digital Products

The Washington Department of Revenue (DOR) Nov. 9 proposed to amend a sales and use tax regulation on digital products to reflect 2023 S.B. 5565. The proposal includes measures to: 1) expand the exemption for purchases of standard financial information by qualifying international investment management companies to include use tax and persons affiliated with a qualifying international investment management company; 2) extend the sunset date of the exemption to July 1, 2031, from July 1, 2021; 3) amend the definition of “qualifying international investment management company” to mean a person engaging in Washington in the business of providing “qualifying international ...