Friday, March 27, 2020

Does a sales tax license show tax exemption status?

Sharolyn Claybourn: The taxpayer that is supposed to be exempt from the sales and use tax amounts is supposed to furnish you with the necessary forms exemption certificate from the collection of the sales tax for your use with this matter.Hope that you find the above enclosed information useful. 06/01/2011

Malcom Fenoff: a tax exempt company needs to provide an exemption certificate to each vendor he purchases goods

Arnette Dominici: Tax exempt implies that the company is never subject to sales taxes, such as churches and some non-profit entities purchasing goods for their own use. That requires a specific exemption certificate.Vendors making purchases for resale are not "tax exempt" however they are entitled to purchase goods for resale without payment of sales tax, since they will collect it when they sell the goods. Anything purchased for use in-house is taxable.Any customer with a sales tax license who certifies that the purchase is for resale should be ! sold the goods without collection of tax....Show more

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