Arizona compliance for insurance agent / brokers
- Sales tax: 5.60% state rate. Generally exempts services. TPT (transaction privilege tax) of 5.6%; combined commonly 8-11%.
- Late fees: Up to 1.5% per month under Ariz. Rev. Stat. §44-1201. Default judgment interest 10%/yr; contract late fees allowed if reasonable and in writing.
- Written contract: Required over $1,000.
Avg invoice
$1,850
Net terms
30 days
Deposit
0%
State
AZ