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Florida DOR Issues Guidance on Sales Tax Rounding for Cash Transactions Amid Penny Shortage

  • Florida DOR released guidance on calculating sales tax during a penny shortage.
  • Rounding is only allowed for cash transactions.
  • The publication includes examples for proper sales tax calculation.

Source: news.bloombergtax.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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