Marketplace facilitators & sales tax in Indiana: Latest government guidance
There’s new guidance on marketplace facilitators and what transactions they’re required to collect taxes for in Indiana under SB 382.
The Dept. of Revenue recently released an updated Information Bulletin #89 on sales tax, effective July 1, 2022. This replaces the bulletin released in June 2019.
The main changes in the bulletin were designed to reflect the changes to tax law made by SB 382. Specifically, it clarifies that marketplace facilitators must collect sales tax on each transaction they handle, even if they don’t have a contract directly with the seller, if the facilitator:
- Collects the sales price or purchase price of the seller’s products from the customer
- Provides customers with access to any payment processing services (either directly or indirectly), or
- Charges, collects or otherwise receives fees from customers for any transactions made via the marketplace.
- Share on
Free Training & Resources
Webinars
Provided by Yooz
Further Reading
President Biden is calling for wealthy Americans and corporations to pay more in taxes. The president outlined a number of changes he belie...
Another April 15 came and went, leaving many of us poorer and grumbling about government spending. For business owners and the CFOs and con...
Wealthy investors are about to lose a tax loophole that IRS allowed for years. The tax cops say its new policy and enforcement will net bil...
No matter where entrepreneurs decide to start a business, they face a variety of taxes and regulations that cut into the bottom line from t...
The worst of the COVID-19 shutdown measures and George Floyd riots peaked less than three years ago. But the effects continue to rattle sta...
The metropolitan areas where employers and employees want to settle are in flux this decade. COVID-19 accelerated the flexible on-site ...
