Form Mv-594 - South Dakota Importer And Exporter Tax Return (Page 4 of 7) in pdf

Form Mv-594 - South Dakota Importer And Exporter Tax Return Page 4

The Secretary of Revenue & Regulation may require other pertinent records and papers

necessary for the enforcement of fuel tax laws, including purchase records, journals,

ledgers, payment records and banking records.

Payment and Reporting Schedule

All fuel tax due from an Importer/Exporter must be remitted to the Department of Revenue

& Regulation on or before the last day of the month following the month in which the fuel

was sold. A monthly tax return must be submitted at the same time. For example, an

Importer/Exporter would remit all tax collected in September by October 31st. If the last

day of the month falls on a Sunday or legal holiday, the tax and report are due on the next

business day.

Allowances

A licensed Importer/Exporter who reports and pays taxes on time may retain 1.5 percent of

the fuel tax due on each gallon. No allowance will be paid for fuel exported from South

Dakota.

Refunds

A licensed Importer/Exporter may apply for and obtain a refund for taxes paid to this state

on motor fuel and undyed special fuel under the following conditions:

• Fuel which was loaded at a bulk plant in this state and exported;

• Fuel that is loaded at a terminal in this state indicating South Dakota as the

destination state and then diverted to another state;

• Fuel that is withdrawn from an out-of-state terminal, and purchased from a licensed

Supplier, with a South Dakota destination, and is then diverted to another state; and

• Fuel purchased from a licensed Supplier indicating South Dakota as the destination

state and then diverted to another state.

Form Mv-594 - South Dakota Importer And Exporter Tax Return Page 4