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"
- Understanding Sales Tax and Marketplace Facilitator Rules for Small Businesses in E-Commerce
- CBP Begins IEEPA Tariff Refunds via ACE Portal After Supreme Court Ruling
- Texas Sales Tax Holiday: Disaster Preparedness Items Exempt April 25-27
- Alabama Suspends State Sales Tax on Groceries for Two Months in 2026
- Understanding Sales Tax Exemptions: Types, Compliance Risks, and Certificate Management Essentials
