Exemption Certificate In Uniondale Ny (646) 960-9196

 



Sales tax exemption certificates enable a purchaser to make tax-free purchases that would normally be subject to sales tax. The purchaser fills out the certificate and gives it to the seller. The seller keeps the certificate and may then sell property or services to the purchaser without charging sales tax. This bulletin explains:

who may use exemption certificates,

how to use them properly, and

the various exemption certificates that are available.

When an exemption certificate is needed

A sales tax exemption certificate is needed in order to make tax-free purchases of items and services that are taxable. This includes most tangible personal property and some services. A purchaser must give the seller the properly completed certificate within 90 days of the time the sale is made, but preferably at the time of the sale.

You purchase cleaning supplies, which are taxable, from a distributor. However, if you intend to resell the cleaning supplies to your customers (that is, you are purchasing the supplies for your inventory), you may purchase the supplies without paying sales tax.

Since the sale of cleaning supplies is normally subject to sales tax, the distributor needs some record to show why it didn’t collect sales tax from you. Otherwise, the distributor could be held liable for the tax. Therefore, if you give a properly completed exemption certificate to the distributor.

CALL US (646) 960-9196

MARKETING TEAM DIGI ERA PRO 

 

Comments

Popular posts from this blog

Personal Tax in Uniondale Ny(646) 960-9196

Start a new Business in Hamilton Heights ,NY 10039

Bookkeeping Services in Uniondale Ny(646) 960-9196