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Sales tax and Marketplaces: Who owns the responsibility?

TaxConnex

jurisdictions also involves dealing with sales tax. Responsibility to pay sales tax is based on a variety of factors, such as where the seller and buyer reside and the nature of the product being sold (some items qualify for sales tax exemptions ). On a marketplace platform, who has responsibility for the sales tax?

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Marketplace Facilitators Create Their Own Sales Tax Obligations

TaxConnex

In the world of sales tax, they’re major marketplace facilitators. Marketplace facilitators are required to charge sales tax where they have nexus (the connection between a tax authority and a company). It wasn’t long before states recognized that there was still a large portion of internet-based sales that weren’t being taxed.

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Sales and Use Tax in 2020: A Look Back

TaxConnex

The year’s ongoing pandemic affected almost every aspect of life – including, and in no small way, sales tax, which was already an area that has seen unprecedented change since the Supreme Court’s Wayfair decision in 2018. Even so, sales tax moved forward. Here’s a look back at some of the year’s developments. Enter the Pandemic.

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How to File Income Tax Return: Tax Filing Preparation Guide 2022

Snyder

For e-commerce business owners, income tax filing season marks the start of a highly stressful time. Among the taxes that e-commerce businesses need to file, income tax is the most common one. What is income tax? How does income tax work? Who has to file income tax? Contents: 1.

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The eCommerce Bachelor: Which City Will Get The Rose?

PYMNTS

only Arkansas, Hawaii, Montana, New Hampshire, Wyoming and the Dakotas did not apply. Others are offering standard fare such as tax credits — although even that can’t be viewed as “standard” in this race. If Amazon were a teenager, it might say some of the 238 proposed sites are trying too hard.). In the U.S.

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