North Carolina Repeals Sales Tax Transaction Threshold
Effective July 1, 2024, the North Carolina Department of Revenue removed the number of transactions as a factor in determining economic nexus in the state. Remote sellers exceeding $100,000 in gross sales will need to register and remit sales tax to the Department of Revenue.
Previously, remote sellers had to meet either the $100,000 gross sales threshold or the 200-transaction threshold. The elimination of the transaction threshold has made it easier for businesses to determine their tax obligations in North Carolina.
It’s important for businesses to monitor their sales into North Carolina and adjust their tax compliance strategies accordingly.
Please note that this is only an overview. For specific guidance, connect with our sales and use tax team here.