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Sales and use taxes in Arkansas are voter approved and collected by the Arkansas Department of Finance and Administration. Arkansas's statewide sales and use tax has been 6.5% since July 1, 2013. [36] Randolph County has an additional sales and use tax of 1.25%, which has been in effect since January 1, 1999.
Since 1 January 2019, Arkansas' state sales tax on unprepared food (groceries) was reduced to 0.125% (penny per $8) from 1.5%. Sales taxes on groceries had previously been reduced to 1.5% from 2% on July 1, 2011, to 2% from 3% on July 1, 2009, and to 3% from 6% on July 1, 2007. Local sales taxes on groceries remained unchanged.
Friendlier sales and use tax audit - While state taxing authorities typically reserve the right to audit taxpayers who come forward pursuant to a voluntary disclosure agreement, the audit will typically be limited to the reduced look-back period, and it would generally focus more on understanding and confirming the reasonableness of the ...
A burglar broke into an Upper West Side apartment and stole a safe containing nearly $400,000 in cash and jewelry early Thursday, cops said.
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 ...
Tax-free shopping (TFS) is the buying of goods in another country or state and obtaining a refund of the sales tax which has been collected by the retailer on those goods. [1] The sales tax may be variously described as a sales tax , goods and services tax (GST), value added tax (VAT), or consumption tax .
The hearing came a day after Mangione was arrested in Altoona. Police searched Mangione and found a fake New Jersey driver's license and a "semi-automatic pistol" with a silencer, both made by a ...
The sales tax rate, as defined in the legislation for the first year, is 23% of the total payment including the tax ($23 of every $100 spent in total—calculated similar to income taxes). This would be equivalent to a 30% traditional U.S. sales tax ($23 on top of every $77 spent—$100 total, or $30 on top of every $100 spent—$130 total). [5]
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