#Florida economix nexus law registration#

To pass these tests, a taxpayer must show a single sale in which one purchaser buys all items in the same sales order, and if there are multiple items, they must be normally sold in bulk or assembled to be a working unit. For the $5000 surtax limitation to apply ( i.e., only the first $5000 of the concrete would be subject to surtax), a taxpayer must pass the single sale test and the bulk sale/working unit test. The Taxpayer, a general contractor, sold its customer concrete related to a construction project. The Florida Department of Revenue recently issued guidance on the surtax limitation (Fla Dep’t of Revenue, Technical Assistance Advisement 21A-005). There is no surtax limitation on rentals or services. The surtax is limited to the first $5000 of sales price on the sale of tangible personal property. County surtax is used to fund authorized projects. Our HSC team is here to assist you with registering or maintaining your sales tax account and determining how these new rules may impact your business.Florida Counties may impose a discretionary sales surtax in addition to the state sales and use tax. Navigating the new Florida Sales Tax requirements can be tricky.

#Florida economix nexus law registration#

In the meantime, even if all your sales are covered by the marketplaces, you should continue to maintain your Florida sales and use tax registration and file returns to report these sales as exempt to avoid penalties. Of course, if your business sells both through marketplace and other channels where you remain responsible for collecting and remitting the sales tax, you will need to continue to maintain your registrations and file sales tax returns as required.įor sellers operating exclusively through marketplaces, the requirements are not so clear as the Florida Department of Revenue has not yet provided guidance on whether such businesses must remain registered.

If you are a Florida business who sell goods through marketplaces such as Amazon, Ebay, and the like you will no longer be responsible for collecting and remitting sales tax on sales made through these channels. New Rules May Change How Your Business Reports Florida Sales Tax They are also required to certify to their marketplace sellers that they will be collecting and remitting the applicable Florida sales taxes. Marketplace providers, such as Amazon and Ebay, who facilitate transactions between marketplace sellers and end customers, having a physical presence in Florida or making a substantial number of remote sales (over $100,000 threshold) are now required to register to collect and remit sales tax on behalf of their third-party marketplace sellers. Marketplace Providers Now Required to Collect and Remit Florida Sales Tax on Behalf of 3 rd Party Sellers Note that Florida has not instituted a number of transactions threshold, only a dollar limit threshold. Sellers who exceed this threshold during the previous calendar year will be required to register to collect and remit Florida sales tax. Out-of-State Sellers May be Required to Collect and Remit Florida Sales Taxįor businesses not located in Florida, a seller is considered to have economic nexus if they make sales exceeding $100,000 during the previous calendar year.

This new law brings Florida into line with economic nexus standard for sales tax purposes adopted by most states in the wake of the Wayfair decision. Starting July 1 st, a new Florida law significantly changes the way sales tax is collected and reported for online retailers.