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"
- Understanding U.S. Sales Tax: A Comprehensive Guide
- New Jersey mediation program for corporation business tax and sales and use tax opens October 1
- US Supreme Court will hear oral arguments in tariff case in early November 2025; opening briefs due soon
- A 15% tariff is painful. A trade war would be worse
- Clarifying California Sales Tax Regulations for Software and Technology Transfer Agreements