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11-28-2020, 11:16 PM | #1 |
Lifer
Lifetime Forum Patron Join Date: Jul 2006
Location: West Coast, USA
Posts: 537
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Sales Tax on Gunbroker.com
Looks like Gunbroker will start collecting sales tax on all sales beginning Jan 1, 2021. Appears that if you sell something Gunbroker they will calculate taxes and charge the seller the tax and the regular GB fees. The seller has to collect from the buyer. This sucks!
Info from Gunbroker: GunBroker.com will implementing the new Marketplace Facilitator Internet Sales Tax regulations on January 1st, 2021. We are in the middle of programming our system to handle the new regulations and will be putting out a more comprehensive email detailing the process when we are done. As a marketplace, GunBroker.com will be required to collect and remit sales tax on all sales according to the state law. State tax is calculated based on the ship to address of the order. What does this mean to me? As a Buyer, if your state requires marketplace facilitators to collect and remit sales tax, you will be required to pay the tax due on your purchases on GunBroker.com. The tax amount will be included on your order during checkout. As a Seller, GunBroker.com will start calculating the tax due on each of your orders. When the buyer completes checkout, you will receive the appropriate tax amount as part of payment for that order. You will then remit that sales tax to GunBroker.com similar to how you pay your monthly fees. GunBroker.com fees will continue to be charged on the sale price of the item. The collection of state sales tax will not change your GunBroker.com fees. |
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