- In 2025, significant sales tax changes are occurring across various U.S. states. Maryland has introduced a 3% tax on digital and IT services, affecting software and cloud services, while repealing exemptions for custom software. Florida and Kentucky have exempted investment-grade bullion from sales tax, and Alabama and Missouri are exempting essential consumer goods like baby supplies and feminine hygiene products. Florida is also making disaster preparedness tax relief permanent. These changes require businesses to adapt their compliance processes to avoid audit risks and ensure proper tax collection.
Source: sovos.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "United States"
- Texas – Ruling Says Mobile App Company’s Service Charges on Discounted Fuel Purchases Constitute Taxable Data Processing
- Missouri – Proposed Rule Changes Provide that Credit Cards Fees are Part of Taxable Sales Price
- Minnesota – Guidance on Taxability of Digital Products Addresses Virtual Currency, NFTs and Webinars
- U.S. EIN vs. VAT Number: Key Differences Explained
- 2025 Bill Expands Retail Sales Tax to Include Advertising, Live Presentations, and IT Services