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Pennsylvania Businesses to Benefit from Waiver for Prepayments of Sales Tax

Pennsylvania has waived Accelerated Sales Tax (AST) prepayments for April, May and June 2020 in a decision that affects businesses that collect Pennsylvania sales tax and whose liability is more than $25,000 during the third quarter of the former year.

State officials have confirmed that Pennsylvania’s General Fund took in $4.4 billion in revenue last month, which is 6.2 percent less than expected. Sales tax receipts totaled $839.2 million for March, $24.2 million below estimate,” the department announced on April 1. The deadline to file personal state income tax returns has been extended as well. 

Learn more about the PA waiver here.

For additional information contact us at info@herbein.com

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