3 ms·
Yes, to the extent they require it (and you want to stay compliant.) There are companies that can handle the remittance for you; Stripe lists several on their p
by jccooper 5y ago
Yes, to the extent they require it (and you want to stay compliant.) There are companies that can handle the remittance for you; Stripe lists several on their page. Reporting requirements would probably be quarterly or monthly.
In practice, almost all US states that have sales tax have a in-state sales threshold amount, usually $100k+ and/or 200 transactions, and at the level of business as per your example, you wouldn't hit it. (Kansas has no threshold, but this is probably illegal per the terrible court decision that allowed this sales-based nexus mess.)
https://www.streamlinedsalestax.org/for-businesses/remote-seller-faqs/remote-seller-state-guidance https://www.streamlinedsalestax.org/for-businesses/remote-se...
EU, I dunno. Beyond my ken.
- sireat 5y agoThank you! A bit more clear, but still seems really messy. So if there are limits I assume you collect 150 transactions a year from California, you have to keep the tax collected until you reach 200 and send the tax for all 200? Presumably you can't spend the money on beer and yet you also can't refund the customers either.
- jccooper 5y agoI'd say it's more than messy, it's a disaster. There are reasonable solutions to internet+sales tax, but the current situation is not one of them. If you collect the tax, you need to remit it. The transaction/amount limits are the limit where you should register, collect, and remit. And usually this is a one-way affair; once you're registered, you'll need to keep filing even if you fall below the threshold.