Commercial impact of online sales tax collection

Posted by Moneycation under Taxes
From http://www.moneycation.com 3706 days ago

Even though an Internet sales tax influences consumer behavior and affects business administrative practices, there are some business protections built into the law. For example, businesses with annual revenue under $1 million would not be subject to the tax collection requirements, and if they are, they would be given free tax software to help with the transition.

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Comments

Written by Moneycation
3699 days ago

It applies to international orders as well, but some companies have been bypassing the regulation by delivering from out-of-state or by selling to customers in states where they have no physical presence. According to Forbes, smaller merchants are less likely to charge online sales tax, but use tax still applies.

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