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- December 2019
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Sales Tax is a type of tax imposed on the sale of goods and services. It is typically collected by the seller at the time of sale and remitted to the government. Sales Tax is typically based on the location of the sale, with different rates in different jurisdictions. The rate of Sales Tax is usually determined by the state or local government, and may vary depending on the type of goods or services being sold.
Sales Tax is an important source of revenue for governments, and is often used to fund public services such as education and infrastructure. It is also used to support local businesses, as it encourages consumers to purchase goods and services from local vendors.
There are a number of companies in the Sales Tax market, including Avalara, TaxJar, Vertex, and Taxify. These companies provide software solutions to help businesses manage their Sales Tax obligations, as well as providing services such as filing and remitting Sales Tax returns. Show Less Read more