The Ohio Department of Taxation released a draft proposed new rule reflecting state law that allows vendors to take Ohio’s sales tax bad debt deduction on private label credit accounts used to make purchases from the vendor or the vendor’s affiliates, even though the debt is charged off as uncollectible on the books of the owner of the credit account.
Source Deloitte
Latest Posts in "United States"
- FISC Hearing on Tax Implications of Trump Administration Policies September 23
- USA Simplified Sales Tax Program: E-commerce Benefits and Drawbacks Analysis
- Canada removing tariffs on certain US goods; Canadian business support measures announced
- Can Sales Tax Replace General Excise Tax for Economic Growth?
- Seattle Mayor Proposes Sales Tax Hike to Fund Nonpolice Response Teams