VATupdate

Share this post on

What You Must Know About Sales Tax if You Have Customers in the United States?

US sales tax is levied in almost all 50 states, but at different rates and under different rules. If you have customers there, listen up! No matter where in the world you’re located, your business could be liable for sales tax in the US.

What is US Sales Tax?

In the United States, sales tax is a consumption tax that is theoretically only charged once, at the final purchase of the final product by the end consumer. US sales tax is not a nationwide policy, such as VAT throughout the European Union or GST in Australia. Rather than administered on a federal level, it exists at the state and local levels. States and local jurisdictions have the power to set their own tax laws and rates.

  • 45 states and the District of Columbia collect statewide taxes. (Alaska, Delaware, Montana, New Hampshire, Oregon do not have any sales tax at all!)
  • 38 states have some form of local tax, collected in part or all of the state.

Source Quaderno.io

Sponsors:

VAT news
VAT news

Advertisements: