Navigating the world of sales tax compliance can be daunting, especially when you’re faced with a set of terms and jargon that you aren’t familiar with. To help you make sense of commonly used terminology, we’ve compiled a list of sales tax compliance terms that every business owner should know.
- Indirect Tax
- Sales Tax
- Value-Added Tax (VAT)
- Goods and Services Tax (GST)
- Sales Tax Nexus
- Physical Nexus
- Economic Nexus
- Product Taxability
- Sales Tax Permit
- Resale Certificate
- Remote Seller
- Tax Jurisdiction
- Filing Frequency
- Zero Return
Source: www.taxjar.com
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