Who is responsible for sales tax in New York?
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Who is responsible for sales tax in New York?
The Responsible Person New York State Tax Law (the “Tax Law”) imposes personal responsibility for payment of sales tax on certain owners, officers, directors, employees, managers, partners, or members (“responsible persons”). More than one person may be treated as a responsible person.
What is subject to sales tax in West Virginia?
Traditional Goods or Services Goods that are subject to sales tax in West Virginia include physical property, like furniture, home appliances, and motor vehicles. The purchase of prescription medicine, groceries and gasoline are tax-exempt.
Do you collect sales taxes from a customer who purchases your product and lives in New York?
Although, as an out-of-state business, you may not be required to collect sales tax from your customers in New York State, your customers are still responsible for the payment of sales or use tax on their purchases. The use tax complements the sales tax.
What is difference between direct and indirect tax?
While direct taxes are imposed on income and profits, indirect taxes are levied on goods and services. A major difference between direct and indirect tax is the fact that while direct tax is directly paid to the government, there is generally an intermediary for collecting indirect taxes from the end-consumer.
What services are exempt from sales tax in New York?
The Tax Law exempts purchases for resale; most sales to or by the federal and New York State governments, charitable organizations, and certain other exempt organizations; sales of most food for home consumption; and sales of prescription and nonprescription medicines. Sales tax also does not apply to most services.
What services are exempt from sales tax in West Virginia?
The following sales and services are exempt “per se” from sales/use tax in West Virginia: ➢ Advertising – Sales of radio or television broadcasting time, preprinted advertising circulars and outdoor advertising space, newspaper and magazine advertising space for the advertisement of goods or services.
What is exempt from sales tax in Virginia?
Tax-exempt customers Some customers are exempt from paying sales tax under Virginia law. Examples include government agencies, some nonprofit organizations, and merchants purchasing goods for resale. Sellers are required to collect a valid exemption or resale certificate from buyers to validate each exempt transaction.
How do I recover sales tax charged by vendors?
To recover any sales tax paid in error to the vendor, in most states the reseller is required to request directly from the vendor a refund of the sales tax paid. The statute of limitations applies to the sales tax paid by the reseller to the vendor.