Sales and use tax are forms of consumption taxes imposed by governments on the sale or use of goods and services.
- Sales Tax:
- Collected by sellers at the point of sale on tangible personal property and some services.
- The seller is responsible for calculating, collecting, and remitting the tax to the government.
- Rates vary by jurisdiction (state, county, or city).
- Use Tax:
- Applied to goods and services purchased without paying sales tax, often from out-of-state vendors or online.
- Ensures tax compliance on taxable items not covered by sales tax.
- Consumers or businesses are responsible for self-assessing and remitting use tax directly to the government.
Both taxes aim to generate revenue for public services and maintain fairness by taxing consumption regardless of where goods or services are purchased.
This short course is a guide to Sales & Use tax in USA.The class covers:
• Sales and Use Tax Overview
• Calculating Sales and Use Tax
• Seller/Purchaser Compliance
• State Compliance / Audits
• Summary
Trainer: Debra R Richardson, Accounts Payable Trainer
