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Wednesday, January 15, 2025

Gilbert announces key tax changes effective January 2025

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Amber Stricklin Data & Operations Manager | Gilbert Chamber of Commerce

Amber Stricklin Data & Operations Manager | Gilbert Chamber of Commerce

The Town of Gilbert has announced several tax changes effective from January 1, 2025. The sales tax rate will increase from 1.5% to 2.0%, a new use tax of 2.0% will be introduced, and the bed tax will rise from 2.8% to 5.0%. These changes are intended to support critical infrastructure projects in the area.

Businesses in Gilbert need to take steps to comply with these new regulations and ensure their operations continue smoothly. They are advised to update their point-of-sale (POS) and accounting systems to reflect the new sales tax rate of 2.0%. For those conducting online sales, compliance with the new use tax for out-of-state purchases is necessary.

It is also important for businesses to inform their customers about these changes through various channels such as in-store signage, email campaigns, and website updates. Reviewing pricing and contracts that reference the sales tax rate is recommended so necessary adjustments can be made.

Training staff members on how to address customer inquiries regarding these changes can improve customer interactions during this transition period. Providing clear talking points and FAQs may assist in this process.

Lastly, partnering with a tax advisor is suggested to ensure full compliance with the new regulations.

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