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Sales Tax
Sales tax is a consumption tax levied upon purchase of a particular service or goods. The taxable amount is determined after applying the percentage rate to the taxable price of the goods or service.
3,209 Questions
The total tax is $6.12 and the total price with tax is $76.11
Do you get back your sales tax back when you export your car to Europe?
No. The sales tax was applied at the time you bought the car in the states, and has no relevance to what one does with that car in future years.
There is no sales tax in Russia. VAT is levied on the sale of goods and services in Russia and the import of goods into the Russian Federation. The taxable base is the sales price.
The standard rate of VAT is 18%. Some supplies of basic foodstuffs and children's
clothing and footwear are taxed at a reduced rate of 10%. Some imported medicines,
medical equipment and scientific research are exempt from VAT. Other exemptions
include cultural and educational services, as well as services rendered by lawyers.
Is a car wash subject to a sales tax?
It will depend on your state (and sometimes local) law.
Every state sets its own rules.
What is sales tax in jersey city?
Depending on the individual business and location of the business, the sales tax is either 7% (the standard NJ sales tax) or 3.5% for Urban Enterprise Zone (UEZ) businesses. In order to be considered a UEZ business, a company needs to apply for a UEZ certification, which will also qualify the business for certain tax incentives on its own purchases. In addition, certain products and services are not included in the UEZ program. Cars and other conventional vehicles are excluded from the qualified UEZ products list. A comprehensive list of included and excluded products and services, in addition to business benefits, can be found in a benefits document located at http://www.jcedc.org/Pages/UEZTaxBenefits.pdf.
How to calculate the sales tax rate?
Amount x Tax Rate % = (finds out the amount of tax)
or
Amount x .__ (tax rate, if it is 7 you would put .07) = (amount of tax)
To determine the sales tax rate you would have to contact the locality you live in because the rate can vary from town to town.
Can you reclaim your GST in Australia?
Your business can claim GST if it is GST registered. For more information I recommend you search the Australian Taxation Office website.
www.ato.gov.au
It can be pretty complex for businesses. At CEI we reclaim Aussie GST regularly for business. We'd be happy to answer questions.info@cei-vat.com
What are the tax implications for Short sales?
In many cases, individuals opt to sell their home in a short sale proceeding because they can no longer afford to keep their homes. Banks consider short sales to be an alternative to foreclosure and while a borrower might find a short sale to better than a foreclosure in terms of credit reporting he should consider the tax implications carefully.
Say you owe $100,000 on your mortgage and you are no longer able to make your mortgage payments. Due to the state of the economy you may only be able to sell your home for $80,000, leaving the bank $20,000 short. The bank agrees to close your file after you pay the $80,000 - after all, getting 80% is better than nothing.
The problem is that the other 20% isn't a gift or free ride. The government views that other 20% as "income" even though you never had the cash in hand. When you prepare your income tax return you will have to include the $20,000 from the short sale as income for that year and will be required to pay additional income taxes on it as well.
Keep the additional taxes you will owe in mind as you complete your short sale proceedings. You'll need to start putting some extra money away in order to be prepared when tax season rolls around again.
A person would only pay taxes if the home was an investment property in most circumstances due to the Mortgage Debt Relief Act. When this act was put in place it benefited those short selling their primary residence.
Much of whether there is tax liability of a short sale depends on whether the home was a primary residence or not. In most circumstances you will not pay taxes on a short sale if it was your primary residence. This is because of a law that went into effect called the Mortgage Debt Relief Act. If the property was an investment and not a primary residence you may have to pay taxes.
Where the transaction is deemed to occur. If at a store, there. If by mail, where it is received (generally).
Do you pay sales tax on delivery charges in NY?
Yes. Google NYS Department of Taxation and Finance Delivery TSB-M-92(2)S. It should be the first link to pop up. Its in PDF format so you do need to download it. It also gives several examples.
Is tax avoidance against the law?
The tax avoidance is not against the law, but the tax evasion is illegal and against the law. Most of the people know they are mostly alike.
You can download a W-9 form here: http://www.irs.gov/pub/irs-pdf/fw9.pdf This form can be filled in before printing, or printed as a blank.
A DVD is on sale for 199.95 the DVD cost 212.45 after what sales tax?
199.95 * X = 212.45
X = 212.45/199.95 = 1.0625
So the answer is 6.25% tax
GST payable is the amount of GST incurred by other parties, to be offset against GST receivable. GST receivable and GST payable are used to determine the amount of GST a business can claim. this occurs when you purchase something.
You purchased a car from an individual how much will the sales tax be when you go and get the tag?
It ca be different for every car
Where does Sales Tax come from?
The tax is a government invention to raise money, and it comes from the purchasers pocket.
What is sales tax rate for King county Washington?
Depends on the municipality... ranges from 8.6% to 9.5%
