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Financial News


Questions for the Revenue Department submitted by the Kentucky Veterinary Medical Association (KVMA)


Te following questions were submitted to the Revenue Department by the KVMA regarding the sales tax on vet- erinary services:


1. Please tell us what the Revenue Cabinet feels that the veterinarians in Kentucky need to know regarding this legislation. See answers to questions below and be sure to forward additional issues that arise from your mem- bership regarding the taxation of services.


2. What is the definition of services per the legislation? Prior to the law change in House Bill 487, KY tax law treated charges veterinarians made for their services as the rendering of professional services not subject to Kentucky sales tax. Te new legislation imposes sales tax on all charges made by veterinarians that come with- in the scope of professional services performed by vet- erinarians.


3. Will this tax be payable monthly or quarterly? Sales tax returns are due on a monthly basis, but the Department does allow less frequent filing based upon the amount of sales tax reported annually. Te Department adjusts


filing frequencies programmatically each June. Tax- payers may request a filing frequency change directly from the Department as needed; however, taxpayers may not file less frequently than the payment histo- ry requires. Please direct filing frequency requests to KRC.WebResponseSalesTax@ky.gov.


4. Is this an umbrella over the total bill of a visit or is there some distinction between providing a professional service (i.e. exam), performing a procedure, or dispensing a medication? All of the itemized charges on the bill are subject to sales tax, effective July 1, 2018.


5. If Rx are taxable then will Kroger, Walmart, etc. have to charge sales tax on prescriptions prescribed for ani- mals? Yes, retail pharmacies should charge sales tax on prescriptions fulfilled for animals under current law. Te prescription drug exemption applies only to hu- man beings. What is the distinction between and drugs prescribed for use by the client at home versus prescribed for the patient in the hospital? Tere is no difference for tax purposes.


Continued on pg. 5


4 KVMA News


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