South Carolina Issues Guidance on Voluntary Disclosure of Nexus Program

The South Carolina Department of Revenue has issued an advisory opinion to provide procedural guidance concerning the voluntary compliance program for taxpayers who may have nexus with the State, but are not registered nor collecting and remitting taxes. The advisory opinion discusses the details of the program, Department and taxpayer responsibilities, the look back period, and other general information regarding the program, which is effective on or after May 1, 2009 (Revenue Procedure #09-2, South Carolina Department of Revenue, March 9, 2009).

Posted on May 15, 2009