E-commerce companies selling products to residents in the US state of Florida will have to collect a 6 per cent sales tax beginning July 1. The new tax is expected to raise $1 billion in revenue, which is planned to be used to support the state’s Unemployment Compensation Trust Fund, preventing a tax hike on businesses to maintain the solvency of the fund.
Source: fibre2fashion.com
Latest Posts in "United States"
- U.S. Imposes Targeted Semiconductor Tariffs to Strengthen National and Economic Security
- Colorado Ends State Sales Tax Service Fee for Sellers Starting January 2026
- Texas Ruling Highlights Risks of Outdated Tax Standards for Digital and Technology Service Providers
- Sales Tax Compliance for Trade Show and Event Vendors: Navigating Nexus and Temporary Permits
- US Announces Immediate 25% Tariff on Countries Doing Business with Iran
