New law expands Ohio’s sales tax bad debt deduction by allowing vendors to take such deduction on private label credit accounts used to make purchases from the vendor or the vendor’s affiliates, even though the debt is charged off as uncollectible on the books of the owner of the credit account.
Source Deloitte
Latest Posts in "United States"
- Trickiest countries in which to achieve compliance
- Maine Changes Sales Tax Timing for Leases Under New Implementation Rule
- Illinois Eliminates State Grocery Sales Tax, Allows Local 1% Tax Options
- California Extends Sales Tax Exclusion for Energy Projects Until 2028
- Washington Expands Sales Tax to IT Services, Marketing, and Online Classes
