At a glance
- The main takeaway: Tennessee issued a revenue ruling explaining the distinction between a license of computer software and the sale of nontaxable services.
- Assess the impact: Analyzing a transaction for sales and use tax is more complex than simply understanding what is and isn’t taxable. There is also the subjective issue of determining what “It” is, which may vary from state-to-state.
- Take the next step: Aprio’s State and Local Tax (SALT) team can help you identify and analyze the taxability of your services to keep your business in compliance with its sales and use tax obligations.
Source Aprio
