Are you prepared for July 16th?

Hope you had a happy 4th! 🎉

Now that you’ve had some time to kick back and relax…

Get ready for July 16th-17th (aka Amazon Prime Day).

It’s one of the most important times of the year for online sales—and you guessed it, sales tax.

Stay ahead of the curve with today’s (1) sales tax updates (2) Prime Day tips and (3) a Q&A.

SALES TAX NEWS

1️⃣ A new bill introduced in Michigan would clarify that vendors selling through an online marketplace are liable for collecting and remitting sales tax. Plus, delivery networks can deduct amounts paid to sellers from their tax liability.

2️⃣ In order to pay for cutting the state's personal and corporate income tax rates, a top tax official in Louisiana suggested eliminating tax exemptions while broadening the sales tax base to include digital goods and services.

3️⃣ According to new state legislation, Rhode Island will allow its Division of Taxation to share information on business entities' tax compliance with the secretary of state's office.

4️⃣ In California, a man who bought trading cards from Germany was found liable for use tax on the purchase. Why? He failed to prove the purchase was made for resale.

5️⃣ The Ohio Department of Revenue proposed a regulation outlining how the state will administer cannabis taxes. It included assessment processes and record keeping requirements.

6️⃣ Under a new bill, Oklahoma will be providing a sales tax exemption for machinery used for commercial mining of digital assets.

7️⃣ In Arizona, the implementation of a certification process for third-party sales tax sourcing providers has been delayed by two years.

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PRIME DAY IS UPON US 📦

Selling on Amazon? Gear up for Prime Day on July 16th and 17th.

Prime members purchased more than 375 million items worldwide and saved more than $2.5 billion on deals during last year’s two-day shopping event—making it the biggest Prime Day ever.

Not only that, but sales growth for independent sellers in Amazon’s store outpaced Amazon's retail business. 🤯 

Make sure you’re up-to-date with marketplace facilitator laws if you’re selling on Amazon, or any other online marketplaces. Pro tip: Using a sales tax app can help you stay compliant.

Learn about Zamp’s sales tax app for Amazon →

PARTNER SPOTLIGHT

VAT can be complicated and confusing. SimplyVAT makes it simple every step of the way by providing international VAT compliance, registration & return services for e-commerce businesses.

Interested in learning more? Get in touch or reply to this email for a direct intro to their team.

YOUR QUESTIONS, ANSWERED!

Q (Joseph): How often should I file my returns?

A: Most states will assign you either a monthly, quarterly, or annual filing frequency. The more sales volume you have in a state, the more often that state will want you to file a sales tax return.

More info on how to file sales tax →

Thanks for reading along.

I’ll be back next month with more sales tax shenanigans.

If you enjoyed this one, please share it with your network. 🤝

If you found it helpful, reply back and let me know. I live for the people.

If you have any feedback, suggestions or questions, please let me know by responding to this email or DM me on Twitter or LinkedIn.

Until next time’s 🗑 …

Rohit & the Zamp team