PYMNTS
DECEMBER 27, 2019
percent: Tax rate imposed on online sellers in Illinois starting in 2020. $4M: Data: 2018: Year of the Wayfair ruling, which limited retailers’ physical presence to tax-exempting states. 100: Minimum number of local tax codes in Alaska. 4M: Amount Ohioans paid in sales taxes on menstrual products in 2019.
PYMNTS
AUGUST 24, 2020
The news comes as a new Indian equalization measure came into existence in 2020 that puts a 2 percent tax on every digital transaction that foreign online shopping firms conduct. The services are not currently registered as distinct entities, although they are provided to users in the nation.
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PYMNTS
SEPTEMBER 24, 2019
consumers are expected to be shopping online by 2021. The ruling meant that online retailers could be mandated to collect sales tax — and taxes can be levied by states on firms that do not have physical presence in those states. The costs of compliance — both in terms of administration and financial penalties — can mount.
PYMNTS
JANUARY 22, 2020
Governments at the state and local level are having trouble meeting this need, however, as they must also balance regulatory compliance standards against the desires of their in-state residents. The state of Illinois is still considering digital disbursements, though innovation remains slow.
PYMNTS
DECEMBER 30, 2019
Wayfair Supreme Court decision continue to rattle online merchants, as three states (California, Louisiana and South Carolina) are now trying to collect eCommerce sales tax retroactively, as far back as five years. The new jumble of state-level and municipal taxation has further obscured already confusing Internet sales tax compliance.
PYMNTS
DECEMBER 26, 2019
This month’s Next-Gen Sales Tax Tracker examines these compliance complexities and their impact, as well as ongoing efforts to streamline how retailers can fulfill their obligations. Easing tax compliance helps governments and retailers alike. Deep Dive : Holiday Gift Baskets, Software Bundles And A New Arena Of Tax Compliance.
PYMNTS
DECEMBER 27, 2019
Diaper retailers used to help customers avoid tax costs by providing their products online to out-of-state consumers, but the practice only helped those with cash flow and internet access, and the 2018 Wayfair ruling has since stopped such reprieves. Managing compliance. Sales taxes’ price tags.
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