Fees subject to sales and use tax (South Carolina)

The state tax authority ruled that separately stated “inflation fees,” “convenience fees,” or “non-cash adjustment fees” charged by retailers in connection with the retail sale of tangible personal property, in order to recover certain operating costs, must be included in the “gross proceeds of sales” or “sales price” and are subject to sales and use tax—assuming the underlying retail transaction is subject to sales and use tax.

Source: KPMG

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