The Ohio Department of Taxation proposed a 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"
- 2026 Local Sales Tax Rate Changes: What U.S. Businesses Need to Know and How to Prepare
- How to Register for a Puerto Rico Sales Tax Permit: Step-by-Step Guide
- Illinois Repeals State Grocery Tax, Allows Local Governments to Impose Their Own 1% Tax
- How to Find California Sales and Use Tax Rates by Address Using CDTFA’s Online Tool
- Sales and Use Tax Exemptions for Nonprofit Organizations: A Guide by CDTFA
