Search results
Results from the WOW.Com Content Network
Wholesale sales tax, a tax on sales of wholesale of tangible personal property when in a form packaged and labeled ready for shipment or delivery to final users and consumers; Retail sales tax, a tax on sales of retail of tangible personal property to final consumers and industrial users [3] Gross receipts taxes, levied on all sales of a ...
Sales taxes, including those imposed by local governments, are generally administered at the state level. States imposing sales tax either impose the tax on retail sellers, such as with Transaction Privilege Tax in Arizona, [3] or impose it on retail buyers and require sellers to collect it. In either case, the seller files returns and remits ...
Taxes and proposals for such taxes include: FairTax (U.S.A.), a proposal to replace most existing nationally levied taxes with a single retail sales tax; nationally levied consumer value-added tax (VAT) Value-added tax (United Kingdom) nationally levied consumer goods and services tax (GST) Goods and Services Tax (Australia) Goods and Services ...
An indirect tax (such as a sales tax, per unit tax, value-added tax (VAT), excise tax, consumption tax, or tariff) is a tax that is levied upon goods and services before they reach the customer who ultimately pays the indirect tax as a part of market price of the good or service purchased. Alternatively, if the entity who pays taxes to the tax ...
Sales taxes, tariffs, property taxes, inheritance taxes, and value-added taxes are different types of ad valorem tax. An ad valorem tax is typically imposed at the time of a transaction (sales tax or value-added tax (VAT)) but it may be imposed on an annual basis (property tax) or in connection with another significant event (inheritance tax or ...
Tax rates vary widely by jurisdiction from less than 1% to over 10%. Sales tax is collected by the seller at the time of sale. Use tax is self assessed by a buyer who has not paid sales tax on a taxable purchase. Unlike value added tax, sales tax is imposed only once, at the retail level, on any particular goods. Nearly all jurisdictions ...
Pages for logged out editors learn more. Contributions; Talk; Sales tax in the United States
Sales tax audit; Sales Tax Management Services; Sales tax token; Sales taxes in Canada; Sales taxes in the United States; South Dakota v. Wayfair, Inc. Special-purpose local-option sales tax; Streamlined Sales Tax Project