- New Jersey Division of Taxation provides guidance on tariff mark ups
- Tariffs are federal taxes on importers that can increase product costs
- When sellers pass tariff costs to consumers, these charges are subject to New Jersey sales tax
- This applies even if the tariff is listed separately on the bill
- Example given is tariffs on imported furniture affecting sales price
- Increased costs or fees from tariffs are part of the taxable sales price in New Jersey
Source: www2.deloitte.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.
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