- The main takeaway: A Texas court decision is an important reminder that being a government contractor does not necessarily exempt your business from sales tax on purchases made in connection with that contract.
- Assess the impact: Since the exemption from sales tax on purchases does not typically flow-through to businesses performing services for the government, it’s critical for government contractors to be proactive in understanding the sales tax rules in states where they make purchases.
Source: aprio.com
Latest Posts in "United States"
- Update Sales and Use Tax: Tax Base and Taxability Updates Across Various States
- Introduction to U.S. Sales Tax Exemptions
- Nexus and Marketplace: Recent Tax Regulation Updates Across California, Georgia, Hawaii, and Louisiana
- California proposes rules for determining proper allocation of Technology Transfer Agreement values
- US Postpones Tariffs on Pharmaceuticals and Wooden Products
