- Taxability of Credit Card Fees: The proposed amendment clarifies that credit card fees charged by sellers to customers who use credit cards as payment are subject to Missouri sales and use tax.
- Terminology: These fees can be referred to by various names, such as “credit card fee,” “credit card surcharge,” or “convenience fee,” but they are not considered extensions of credit or finance charges.
- Comment Period: Stakeholders have 30 days from the publication date of October 1 to submit comments regarding the proposed rule changes to the Missouri Department of Revenue.
Source Deloitte
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