The New York Department of Taxation and Finance says that yoga studios must start to pay the city’s levy.
NYC yoga studios will now have to pay more in taxes than ever before and the city is wasting no time auditing yoga studios, presenting them in some cases with bills for back sales taxes going back three years.
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The new tax has invoked protests from around the yoga community who say the new tax policy could not have come at a worse time, with the industry just beginning to get back on its feet after the economic downturn. Stressed out?
Last Monday, at least 70 yoga managers, studio owners and instructors met in the lotus position to discuss the tax issue.