News & Resources

New Corporate Net Income Tax Rules Issued by the Pennsylvania Department of Revenue

New Corporate Net Income Tax Rules Issued by the Pennsylvania Department of Revenue
Considering the U.S. Supreme Court Wayfair v. South Dakota decision of 2018, the PA DOR has adopted new nexus requirements for purposes of PA corporate income tax. Corporations that lack a physical presence in PA but have $500,000 or more in direct or indirect gross receipts sourced to the state per year must file corporate tax reports and pay net corporate income tax. This becomes effective for periods beginning on or after Jan. 1, 2020. For details about the $500,000 threshold, contact us with questions, or see the PA General Information Bulletin here: https://bit.ly/2oRD5wS.
Tax