When you have all this information ready, you can go online and register for your permit at the Mississippi Taxpayer Access Point site website. We are always stoked when we get to provide this answer! You can register for a Federal EIN right here :. We suggest contacting the Mississippi Department of Revenue to verify which additional government agencies you may be required to register with. Registering for your Mississippi sales tax permit will be stress free as long as you are adequately prepared.
We always recommend organizing all the essential information in a folder, preferably mirroring paper files with a system like Box. By now, you may have already contacted the Mississippi Department of Revenue and applied for a Mississippi sales tax permit.
Once you have a license to collect and remit sales taxes in Mississippi, you will probably be asking yourself two questions:. We are going to go over the most common sales tax questions our clients ask. We believe the answers to these questions will help you appreciate the nuances of taxable goods so you can be confident in fulfilling your tax obligations. Unless exempted specifically , all sales of tangible personal property are considered taxable in the state of Mississippi. Most services are exempt, but some services are taxable.
To best understand your tax obligations, new businesses need to consider how they are doing business and the type of relationships they have with buyers and any third parties to their transactions such as affiliate marketers. Mississippi is an origin-based sales tax state. This means you charge sales tax based on the location of the business rather than that of the purchaser.
This should be relatively straightforward to configure in any Point-of-Sales system. When this happens, you are required to collect and remit sales tax in Mississippi because you created S ales Tax Nexus. Even if your business maintains its main headquarters in another state, you may still have to charge and pay sales tax to the Mississippi Department of Revenue even if you never step foot in Mississippi.
Not at this time. You and your business can be better equipped to avoid situations like paying fines, paying back taxes that you did know you had to pay in the first place, or facing an audit by the tax authorities in Mississippi. By now you know if you are a business that has established a nexus with Mississippi.
So you have an understanding about whether, or when, you are required to collect sales tax. Knowing this is just half the battle! Now, we are going to help you with the next half of the battle: how to navigate the process of collecting taxes.
After reading this, you will be better equipped to determine when --and when not-- to collect sales tax in Mississippi. Because Mississippi is an origin-based sales tax state, your business should charge sales tax at the time of the transaction based on the business location rather than that of the purchaser.
This is usually as simple as configuring the Point-of-Sales system accordingly. In Mississippi, cities may add additional tax , so be sure to check if your city does! Since sales tax rates may change, we suggest utilizing this link to stay up to date. Beyond that, everything is included in taxable goods. At this point, you should know what products are exempt from sales tax in Mississippi. The retail sale of goods made over the Internet that are delivered into Mississippi from an out-of-state seller are treated the same as the retail sale of tangible personal property made through more traditional means.
No, ITFA prohibits new taxes imposed on internet access fees. Mississippi does not tax internet access fees. If I make purchases of tangible personal property while in another state, do I owe Mississippi use tax on these purchases? Items of tangible personal property purchased in another state for use, storage or consumption in Mississippi are subject to Mississippi use tax.
Credit is allowed for sales tax paid to another state if you took possession of the property in the other state prior to bringing that item into Mississippi. No credit is allowed for sales or use taxes paid on the purchase of automobiles, trucks, trailers, boats, motorcycles and all terrain cycles brought into Mississippi for first use in Mississippi. First use is when the vehicle is first tagged or registered. You may not claim a credit for tax paid to another country.
When a Mississippian purchases a vehicle out-of-state and brings it to Mississippi, is use tax due on the vehicle? Persons who purchase vehicles, which will be first registered and used in this state, from dealers located in other states and these dealers are not registered with the Mississippi Department of Revenue are liable for the payment of use tax at the same rate and on the same basis as sales tax.
The Mississippi Use Tax is payable to the county Tax Collector if not previously paid to an authorized out-of-state dealer at the time of purchase. What are my use tax responsibilities if I purchase a boat or airplane in another state?
Persons who purchase boats or airplanes from dealers in other states for use in Mississippi are required to pay Mississippi Use Tax on the purchase.
Individuals purchasing boats or planes from a non-dealer in another. If I purchase tangible personal property from an out-of-state retailer, are the shipping and handling charges subject to the Mississippi use tax? All shipping and handling, transportation, and delivery charges that are connected with the sale of tangible personal property are subject to use tax.
When am I required to file my use tax returns? Use tax returns are due the 20th day of the month following the reporting period. If a due date falls on a weekend or legal holiday, the due date becomes the next business day. Can I file my sales and use tax return and pay the tax online? What is the fee for filing online? Go to online to register A separate permit is required for each location.
The permit does not expire and does not require renewal as long as the holder continues in the same business at the same location. For those taxpayers who are unable to file electronically, pre-addressed sales tax forms are mailed annually. Returns are due on or before the 20th day following the end of the reporting period.
Returns must be filed and tax paid by the due date to the Department of Revenue, P.
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