Sales and Use Taxes - An Introduction to the Basics for Card Program Administrators
- Topics:
- Commercial Banking
- Tags:
- Administrator,
- Finance,
- Financial Planning,
- Sales,
- Sales Force Management,
- Sales Strategy,
- Taxes,
- Use Tax
- Source:
- Visa
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Overview: This guide introduces sales and use tax issues and options as related to the use of a commercial card account for procuring goods and services. This paper explains the fundamental rules and concepts that regulate the imposition of sales and use tax. It puts down the roles and responsibilities of the parties involved in a sale: the purchaser, supplier, and state(s). The responsibilities of the corporate purchaser in managing their compliance with sales tax and use tax rules; and, a basic approach to managing sales and use tax compliance in a purchasing card program are discussed in this paper.
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Format: PDF | Size: 59KB | Date: Mar 2005 | Pages: 12
