Business Tax Licensing
Business Tax Licensing
Through the business taxes they pay, members of the business community play a major role in the village’s ability to provide high quality services to the community. These services include police protection, street maintenance, snow removal, parks and trails, and community aesthetics. Creating a safe, attractive, clean, and easily traveled village is crucial in retaining businesses and attracting new business to the village community. Businesses operating in the village must comply with the village's tax licensing requirements.
Occupational Privilege Tax License
All businesses located in the village, as well as those with employees working in our community, must obtain an Occupational Privilege Tax License. A one-time application fee of $10 is required at the time of licensing. The Occupational Privilege Tax consists of two portions - the employee portion and the employer portion. Both portions are $2 per month ($4 combined) and both apply when an employee earns $250 or more in a calendar month. The employer is responsible for reporting and remitting both portions of the tax. Owners, partners, and officers who are not paid a salary or commission are subject to only the employer portion of the tax.
Sales and Use Tax License
Every vendor that is engaged in business of selling items at retail must obtain a Greenwood Village Sales Tax License. A one-time application fee of $10 is required at the time of licensing. The 3% municipal sales tax must be charged on sales that take place in our city. This sales tax must be collected and remitted directly to the village. Sales tax applies to items your firm may sell at retail, lease, or rent. Services such as telephone and lodging are also subject to the village's sales tax. Items delivered outside the village should not have Greenwood Village sales tax charged. If delivering to another city, that city should be contacted for their sales tax requirements.
Virtually every business located in the village will have a use tax liability. When a retail vendor sells tangible personal property and collects sales tax, that retail vendor remits the sales tax directly to the village. If a retail vendor fails to collect and remit the correct sales tax, the purchaser may owe a use tax to the village. Use tax eliminates any sales tax advantage that out-of-village retailers may have. This protects local businesses by ensuring that tax dollars remain within the village. Licensing will ensure that your firm receives tax coupons to assist you in remitting the use tax.
Lodging Tax License
Every furnisher of lodging services is required to collect lodging tax and remit it to the village on a monthly basis. Providers of lodging services should complete a lodging tax registration form when applying for the Sales/Use Tax License. No application fees apply. The 3% Greenwood Village lodging tax applies to all lodging services furnished within the village. This is in addition to the 3% Greenwood Village sales tax. Every furnisher of lodging services is required to collect this tax and remit it to the village on a monthly basis.
The Business Tax License application should be mailed to:
City of Greenwood Village
6060 S. Quebec St.
Greenwood Village, Colorado 80111
For more tax information, please refer to the tax page.