Yes, you do have to pay sales tax - it's like purchasing a second hand car. You still pay sales tax
yes, touche!
The Illinois sales tax rate on a lease buyout is 6.25.
Yes you will have to pay taxes, title and fees on top of the downpayment when you lease a car.
In Wisconsin, sales tax generally applies to the lease of tangible personal property, including propane tanks. Therefore, if you lease a propane tank, you would typically be required to pay sales tax on the lease payments. However, specific exemptions may apply, so it's advisable to consult with a tax professional or the Wisconsin Department of Revenue for detailed guidance based on your situation.
You will pay sales tax when you buy-out the lease. The seller doesn't pay sales tax and a private party cannot collect it, but the buyer probably will have to pay his state sales tax before he can register the car. In fact, if the buyer is obligated to pay the sales tax in the state within a certain time where he purchased the car and fails to do so, there can be interest and penalties added to the tax obligation. For instance, in MA you must pay within 20 days of purchase if you're registering in any other state, but you might not register within 20 days, meaning you would have penalties and interest added to your MA tax bill until you paid the 6.25 percent sales tax.
How much sales tax do you pay on a used $22,000 vehicle? How much sales tax do you pay on a used $22,000 vehicle?
You normally do not pay sales tax on a service.
gross sales tax is the tax you pay on total receipts/sales. basically you can't deduct any expenses before you pay the tax.
No, you do not pay sales tax on labor. Sales tax is for materials.
You will pay sales tax where you register the vehicle. Last time I checked Florida has sales tax...
You need to pay sales tax on a car when you purchase it from a dealership or a private seller. The amount of sales tax you pay may vary depending on the state you are in.