Updated regs on marketplace facilitators & sales tax in Oklahoma
Sales tax may be soon be collected by marketplace facilitators during more purchases in the Sooner State. Here’s why: SB 1339 updates the definition of what’s considered a marketplace facilitator.
As of Jan. 1, 2023, the new definition says that a marketplace facilitator is now a person that facilitates the sale at retail of a marketplace seller’s product. Previously, the language in the definition was more narrow, stating “tangible personal property.”
Additional changes indicate that a person is considered a marketplace facilitator if they list or advertise products for sale at retail in any forum.
That means marketplace facilitators selling digital items and other nontangible products will soon be responsible for collecting sales tax from customers.
The bill also updates the definition of a remote seller, saying that it’s a person selling products at retail through a forum that doesn’t have a physical presence in Oklahoma and doesn’t otherwise qualify as a marketplace facilitator.
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