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Colorado discount computation

If you're filing the DR 0100 Sales Tax Return form in Colorado, you should also complete the DR 0103 Service Fee Worksheet. The DR 0103 form's used to calculate the state service fee that taxpayers are allowed to retain for the timely filing and remittance of the sales taxes.
If you're filing the DR 0100 Sales Tax Return without filing DR 0103 Service Fee Worksheet, it can overstate the total state service fee (discount) amount and understate the total tax due amount.

Instructions for filing DR 0103 State Service Fee Worksheet with DR 0100 Sales Tax Return (or CO XML)

  1. Select
    Configure
    ,
    2 | Return Register
    , and then
    Return
    .
  2. Select
    +
     to expand the Colorado list.
  3. Select the returns you're going to file.
  4. In the
    3 | Organizer
     section, select Country =
    USA
     and State =
    Colorado
    .
    1. If you're filing DR-0103 with DR-0100, select DR-0100.
    2. If you're filing DR-0103 with XML, select XML.
    3. If you're filing DR-0103 with multiple DR-0100s, select DR-0100 (Multiple).

Example

This example shows how to file DR-0100 (Multiple) and DR-0103 together.
In DR-0100 (Multiple), the taxable sales amount is $800,000.00 and the tax amount is $23,200.00. Based on a 5.300% service fee rate, the total state service fee amount is $1,229.60.
However, since the total net taxable sales amount of $800,000.00 in DR 0100 is greater than $100,000.00, the entire state service fee (discount) isn't allowed. Therefore, the addback owed amount must be calculated in DR 0103.
DR 0103, Line 11 contains the calculated total net tax due amount. This amount should match amount of check on the
DR 0100 Check Request
 screen.

This article applies to:

  • PRODUCT: ONESOURCE Indirect Tax, ONESOURCE Sales and Use Tax Compliance
  • State: Colorado