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2024 New York Sales Tax Law Changes: Impact on Businesses and Compliance

  • New York sales tax laws for 2024 are undergoing significant changes
  • Economic nexus thresholds are being updated, requiring businesses to collect and remit sales tax based on economic activity
  • Digital products and services are now subject to sales tax in New York
  • Marketplace facilitators must collect and remit sales tax on behalf of third-party sellers
  • Local jurisdictions in New York may adjust sales tax rates periodically

Source: complyt.io

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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