I'm not an accountant, but what you're describing sounds to me like a VAT tax

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Jan 30, 2023
2:29:11pm

JadoX Playmaker

I'm not an accountant, but what you're describing sounds to me like a VAT tax

Value-added tax

...

https://en.wikipedia.org/wiki/Value-added_tax

The US is one of the minority of countries without a VAT tax so, in general, sales taxes are only paid on finished goods.

This message has been modified

Originally posted on Jan 30, 2023 at 2:29:11pm

Message modified by JadoX on Jan 30, 2023 at 2:34:06pm

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JadoX

Bio page: JadoX
Joined: Jul 12, 2011
Last login: May 1, 2024
Total posts: 1,379 (12 FO)

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Messages

Author

Time

Question for the accountants regarding taxes on inputs that are used in a finished product sold to retailers.

CrimWalCoug All-American in practice

1/30/23 2:25pm

I'm not an accountant, but what you're describing sounds to me like a VAT tax

JadoX

1/30/23 2:29pm

I agree with this. Also not an accountant

Nat Gas Man

1/30/23 2:30pm

Need an exemption certificate if you’re looking for Relief from paying sales tax

1/30/23 2:34pm

This, it is super easy to get in most states and should be provided to the

1/30/23 2:47pm

Should be able to get a tax refund going back a certain number of months.

Nat Gas Man

1/30/23 2:52pm

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