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About U.S. Excise Tax?

Views: 1     Author: Ada Ru     Publish Time: 2022-06-30      Origin: Site

What is consumption tax The full name of US sales tax is "sales and use tax" (sales & UseTax). Generally speaking, sales tax is a tax levied on the sale of goods or services, which is collected by the seller from the buyer and reported to the tax office. There is no threshold for the collection of sales tax (ie: all taxable orders sent to taxing states are subject to sales tax unless the buyer can provide proof of tax-exempt qualification). Scope and tax rate of sales tax The tax rate of sales tax includes state sales tax (State Sales Tax) and local sales tax (Local Sales Tax), which fluctuate between 8% and 12% on average. Tax rates vary by state and locality. With the exception of a few specific items, sales tax (including the sale of goods and provision of services) is incurred as long as the sales are taxable transactions (including the sale of goods and provision of services) to taxable states, whether through commissaries, supermarkets, independent retailers or e-commerce platforms. . Which states in the United States levy sales tax At present, 45 states in the United States and Washington, D.C. levy state sales tax on remote sales. Currently, only Oregon, Oregon, Delaware, Delaware, Montana, Montana, and New Hampshire, New Hampshire, are four.

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 states are also tax-free. Is sales tax levied on Internet channel sales? Yes, the US sales tax is on all sales of goods/services, whether it's a grocery store, a supermarket, an independent retailer or an e-commerce platform, as long as it's sold to Sales tax is incurred on taxable transactions in the taxing state, including the sale of goods and the provision of services. Sales tax on offline or online transactions of independent retailers is collected by the retailer (seller) and paid to the state/county/city tax office. The sale of imported goods under cross-border trade is a long-distance sale and also falls within the scope of sales tax collection; if it is sold centrally through an e-commerce platform, it will be collected by the platform and paid to the state/county/city tax bureau. Does sales tax = tariff? Many domestic sellers easily confuse sales tax and tariff, and feel that they have to pay tariff when the goods pass through the US customs. In fact, customs duties and sales taxes are essentially two completely different taxes. Sales tax is a kind of state and local tax, which is levied on the sale of goods/services, and is generally collected by sellers from buyers and paid to state and local tax bureaus (for sales through e-commerce platforms, the e-commerce platform collects them from buyers and then unifies them). to state and local tax offices). The tariff is a US federal government tax. In the import customs clearance of goods, the customs on behalf of the federal government collects domestic exports to the United States.

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 Logistics/forwarders often publicize double-clearance tax and other models, but the tax package involved here is only tariffs , not sales tax. Under what circumstances are orders sold to taxing states exempt from tax? If the buyer's purchase is not for personal consumption (which is a commercial purchase) and the buyer has the US sales tax exemption qualification, you can submit the tax exemption qualification to the platform. After the qualification verification is passed, the transactions for commercial purchases purchased by buyers on the platform can be tax-free. Qualification declaration includes two types, questionnaire declaration and tax-exempt qualification document upload verification. Those requiring buyers to provide retailer certificates for upload verification include: Alaska, Alaska, District of Columbia, Florida, Florida, Louisi-ana, Louisiana, Maine, Maine, New Mexico, New Mexico, and Puerto, Puerto Rico Rico 7 states. The tax-free qualifications of the remaining states belong to the buyer's initiative to fill in the form/questionnaire to declare. The tax-free qualifications of the remaining states belong to the buyer's initiative to fill in the form/questionnaire to declare.

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