Draft Tax Advisories (ETAs & PTAs)

See below for draft tax advisories
 
Draft ETA 3183 - International Investment Management Services

Brief description

This ETA explains the application of the preferential B&O tax rate authorized by RCW 82.04.290(1) to qualifying international investment management services (“IIMS”). The qualifications for the IIMS B&O tax rate changed effective July 1, 2019.

Draft ETA

ETA 3183 - International Investment Management Services

Planned stakeholder meetings

None at this time.

Public comment period

The Department requests comments and stakeholder feedback related to this Draft ETA no later than August 31, 2022. After a review of the feedback, if any, the Department will consider the appropriate next steps in the process.

General questions and/or how to make a public comment

If you wish to make a public comment or have general questions about this ETA, contact Brenton Madison at BrentonM@dor.wa.gov. Any written comments received will be retained as part of the official Tax Advisory File.
 

Draft ETA XXXX - Insurance Business Exemption

Brief description

This ETA addresses the application of the exemption provided by RCW 82.04.320 (the “insurance business exemption”).

Draft ETA

ETA XXXX – Insurance Business Exemption

Planned stakeholder meetings

None at this time.

Public comment period

The Department requests comments and stakeholder feedback related to this Draft ETA no later than July 20, 2022. After a review of the feedback, if any, the Department will consider the appropriate next steps in the process.

General questions and/or how to make a public comment

If you wish to make a public comment or have general questions about this ETA, contact Patrick Murphy at PatrickM@dor.wa.gov. Any written comments received will be retained as part of the official Tax Advisory File.

ETA XXXX - Taxability of Non-Fungible Tokens (NFTs)

Brief Description

The purpose of this ETA is to address the taxability of non-fungible tokens, or NFTs.

Draft ETA

Draft ETA XXXX - Taxability of Non-Fungible Tokens (NFTs)

Planned Stakeholder Meetings

The Department will hold a “Listening Session” on October 20, 2022, at 10 AM via Microsoft Teams.

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Meeting ID: 285 106 900 629
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Phone Conference ID: 473 441 013#

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Public Comment Period 

The Department requests comments and stakeholder feedback related to this Draft ETA no later than December 30, 2022. After a review of the feedback, if any, the Department will consider the appropriate next steps in the process.

General Questions and/or How to Make a Public Comment

If you wish to make a public comment or have general questions about this ETA, contact Nikki Bizzarri at NikkiB@dor.wa.gov. Any written comments received will be retained as part of the official Tax Advisory File.