- New Jersey Division of Taxation has clarified that tariff mark ups passed to consumers are subject to sales tax.
- Tariffs, even if separately stated, are included in the taxable sales price.
- The “sales price” includes all seller costs, taxes, and charges related to the sale.
- Sellers must ensure they collect and remit sales tax on tariff mark ups in New Jersey.
Source: salestaxinstitute.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"
- Sales Tax Amnesty: How Retailers Can Waive Penalties and Settle Past Liabilities Efficiently
- Understanding Economic Nexus: What Triggers US Sales Tax Compliance for Online and Remote Sellers
- Sales and Use Tax Rules for Brewery Beer Tastings: When Are Fees Taxable?
- North Carolina Issues Tax Guidance for Cash Rounding After Penny Production Ends
- Career Center Food and Beverage Sales Exempt from Missouri Sales Tax, Says Department of Revenue
