VATupdate
Florida

Share this post on

What to Know About Florida Sales Tax

Until recently, Florida required sellers to calculate sales tax using a “bracket schedule,” which determines how much tax applies to the portion of sales priced under $1.00. While other states also publish tax brackets, those schedules are readily broken down into a clear mathematical formula. This was not the case with Florida, which previously continued to publish brackets for all the possible combinations of state and local rates.

Source: SOVOS


Click on the logo to visit the website


 

Sponsors:

VAT news

Advertisements: