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Alan Smith
Yes. Rounding is no longer allowed on sales tax returns. From the Colorado Department of Revenue (DOR):
"For all sales that occur through December 31, 2017, Colorado sales tax returns allow taxpayers to report and pay taxes by rounding to the nearest dollar or to the penny, depending on the filing format. In an effort to match nationwide filing standards, the Colorado Department of Revenue (CDOR) will be requiring ALL Colorado sales tax licensees to report and pay sales taxes to the penny, regardless of filing format.
When will this change take place?
Beginning with returns filed in February 2018, all Colorado sales taxes are reported and paid to the penny. The Colorado Sales Tax Return (DR 0100) no longer has “00” entered in the cents column. Instead, there is space for you to enter this information."
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337 weeks ago
"For all sales that occur through December 31, 2017, Colorado sales tax returns allow taxpayers to report and pay taxes by rounding to the nearest dollar or to the penny, depending on the filing format. In an effort to match nationwide filing standards, the Colorado Department of Revenue (CDOR) will be requiring ALL Colorado sales tax licensees to report and pay sales taxes to the penny, regardless of filing format.
When will this change take place?
Beginning with returns filed in February 2018, all Colorado sales taxes are reported and paid to the penny. The Colorado Sales Tax Return (DR 0100) no longer has “00” entered in the cents column. Instead, there is space for you to enter this information."