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These are only a few examples; all tangible personal property purchased out of state is subject to the Use Tax. How and when do I report and pay Use Tax? Businesses registered with Arkansas to remit Sales Tax should remit any Use Tax due in Column B on their monthly (quarterly or annual) reporting form.
If you make $100,000 a year living in the region of Arkansas, USA, you will be taxed $27,040. That means that your net pay will be $72,960 per year, or $6,080 per month.
Arkansas considers vendors who make more than $100,000 in sales annually or more than 200 transactions in the state to have economic nexus. This means the state considers these vendors obligated to collect sales tax from buyers in the state.
Examples of items subject to Use Tax include records, CD's, books, furniture, jewelry, clothing, food, hunting and fishing gear, etc. These are only a few examples; all tangible personal property purchased out of state is subject to the Use Tax.
Tax-exempt customers Some customers are exempt from paying sales tax under Arkansas law. Examples include government agencies, some nonprofit organizations, and merchants purchasing goods for resale. Sellers are required to collect a valid exemption or resale certificate from buyers to validate each exempt transaction.
Do you have economic nexus in Arkansas? Arkansas considers vendors who make more than $100,000 in sales annually or more than 200 transactions in the state to have economic nexus. This means the state considers these vendors obligated to collect sales tax from buyers in the state.
Review of the Arkansas State Tax Payment Plan. The Arkansas Department of Finance and Administration (DFA) may be willing to let you pay off your back taxes in monthly payments. To qualify, you typically need to show the DFA that you cannot pay your tax liability in full but you can afford to make monthly payments.
Arkansas imposes sales tax on all purchases of tangible personal property unless a specific exemption applies. Services are taxable only if the service is specifically enumerated by law as a taxable service.