VATupdate
VAT

Sales tax exemption, machinery and equipment (Arkansas)

The state’s Supreme Court held that a taxpayer qualified for a sales and use tax exemption—an exemption that applies to the sale of machinery and equipment used directly in manufacturing articles of commerce if such equipment is purchased for a new facility or to expand an existing facility.

Source: KPMG

Sponsors:

Advertisements:

* click here if you have interesting news to share *