There are two specific mechanisms which permit non-payment of sales tax by a business: exemption and resale.
If a business is a non-profit, charity, or religiously-affiliated concern, it may qualify for sales tax exemption status. The states vary in their statutes regarding exemption qualifications.
Many purchases demand the imposition of business to business sales tax. The only items subject to resale status are those which become components of the product being resold. For example, if a clock manufacturer purchases paper on which to print in-house created brochures about its clocks, that paper is taxable. But the same paper purchased by a printer to manufacture brochures which it sells to its customer is not taxable, by virtue of its resale status.
it is because of the tax needed to pay by the business
Answer 1Sales taxes are levied under the laws of the state where the sale occurs. The state requires the seller to charge the tax, and as the sale occurs at the sellers location, the tax is due regardless of where the buyer resides.Depending on the state, and its laws, sales taxes are waived on a sale of an item which will be resold by the buyer, IF the buyer has a sales tax permit and will be collecting and paying sales tax proceeds to a state taxing authority.This is my experience. I have lived in Oregon the majority of my life, with some time in Alaska, Washington, Texas, Illinois, and Virginia. The ONLY state I have ever had sales tax waived was in stores in Washington. If you are buying a non-consumable product, like a TV, CD, clothing, or such, you can show your Oregon ID without paying tax. If you eat there (restaurant) or have a service done, you pay tax, whether you live there or not. When I lived in other states, like Alaska and Illinois, I let it be known I was from out of state, but I always had to pay sales tax. So given this, if you are in a store outside Oregon, not counting the Washington exception, you will more than likely pay sales tax. It never hurts ask for a waiver, but they don't have to.
The combined sales tax rate for Visalia, CA is 8.25%. This is the total of state, county and city sales tax rates.
There are many reasons:So the business can be taxed. This applies to both income tax and sales taxes.So the business can be held accountable to protect the consumers from fraud.So that employees are provided proper working conditions.
excise tax
If you charge tax on the products/services you sell, the customer pays the sales tax and the business passes the tax onto the state/municipality. If the business buys supplies for use in the business (and not for resale) you will pay sales tax and the entire cost of the supplies will be deductible to the business. If you buy the same supplies from out of state and do not pay Nebraska sales tax, you should pay Nebraska use tax and that amount is also deductible to the business. If the business buys supplies that go into making a product for resale, you should not pay sales tax on the purchase of those supplies.
is it required that I pay Minnesota sales tax on a car purchased from my mother
Depends where you are.
You will pay the sales tax when you register the car. If the business collects it, they have to give you a receipt for it.
SALES TAX IN NYC- Are fire extinquishers taxable
If the vehicle is titled in the business name you will pay sales tax. About 2 to 4 weeks after you register the vehicle you will get a form in the mail from the North Carolina Department of Revenue explaining how to pay the tax.
No. It is not required in Illinois.
Depends on the state. Some states charge sales tax on services, and some do not.
Depends state-to-state, on whether or not they enact a sales tax. They are required to collect sales tax by law.
As with any sales business, the car dealer must collect the sales tax.
Sales tax is different depending on the state you live in. For instance its 6% in WV, 7% in PA, etc. It's not automatically added, the business has to have the computer automatically calculate the tax for the business then pay the government that tax when tax season happens.
1.To get payment in the name of the business Firm. 2.Required by the sales Tax department when we apply for TIN NO.