Colorado Retail Delivery Fee | Everything You Need to Know | Summary and Q&A

1.2K views
June 20, 2022
by
LedgerGurus
YouTube video player
Colorado Retail Delivery Fee | Everything You Need to Know

TL;DR

Starting July 1st, 2022, retailers selling tangible personal property into Colorado must collect a retail delivery fee of 27 cents per transaction.

Install to Summarize YouTube Videos and Get Transcripts

Questions & Answers

Q: What is the criteria for retailers to collect Colorado's retail delivery fee?

Retailers must sell taxable tangible personal property into Colorado via motor vehicle to be required to collect the delivery fee. It does not apply to exempt entities or sales to distributors.

Q: Who is responsible for paying the delivery fee?

Legally, purchasers are responsible for paying the delivery fee to the Department of Revenue, but businesses are required to collect it from customers and remit it to the state on their behalf.

Q: Do marketplace sellers need to collect the delivery fee?

If you sell through a marketplace facilitator like Amazon, Etsy, or Walmart, they are required to collect and remit the delivery fee on your behalf. However, if you sell on your own website, you still need to collect the fee.

Q: Is the delivery fee related to shipping costs?

No, the delivery fee is separate from shipping costs. Even if your website offers free shipping, you still need to charge the delivery fee if the transaction meets the criteria.

Summary & Key Takeaways

  • Colorado's retail delivery fee requires retailers to collect a fee of 27 cents per delivery for tangible personal property sold into the state.

  • The fee applies to taxable products delivered via motor vehicle to customers in Colorado.

  • Businesses must establish an account with the Colorado Department of Revenue, turn on the fee settings on sales channels, and file a separate return for the delivery fee.

Share This Summary 📚

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on:

Explore More Summaries from LedgerGurus 📚

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on: