The new tax law for online purchases is already in force in the city of Florida, you must be clear about how it will work so that you do not get surprises with your online purchases
Photo: Photo by Emirkhan Bal / / Pexels
Monday, October 7
Florida Online Shopping Tax: What You Need to Know
A new law on the payment of taxes is already in force in the state of Florida to online sales . This regulation will allow the state to order and collect taxes for purchases in any online store with a rate of 6% of the total invoice, if the shipping address is in Florida .
The bill SB 06 , prompted by Governor Ron DeSantis who requires online merchants outside the state of Florida to charge a sales tax on all Floridians who shop online. That is, retailers who are located in other states, but who have buyers who live in the state of Florida, or who ship the product to an address in Florida will have to pay this new fee.
The idea is raise about $ 1, 000 million dollars annually, with a fixed tax of 6%, that is, 6 dollars for each 100 dollars spent.
This means that you will pay an amount depending on the total amount of the purchase made. The intention with this tax is to level the advantage that online retailers have with the physical stores of the county.
From In fact, most businesses in Florida have applauded the Act because they feel at a disadvantage with the services of t Online stores, which mainly affected them in times of pandemic.
Which platforms are going to charge you this new tax
- Amazon Marketplace
- Amazon
- Overstock
These platforms now are required to send the proceeds of this value tax to Florida, not to individual stores or vendors . But it will not be all businesses that are required to send this tax, for example, those that sell for less than $ 100, 000 dollars will be exempt.
According to authorities Floridians, this tax will go to the Unemployment Trust Fund that was left in losses due to the economic crisis due to the pandemic that began in 2020.
The idea is to recover this Fund and once possible, then the tax will be gradually reduced to 2%.
When the measure was raised, some Democrats opposed the bill, saying it was a regressive tax on workers.
- His argument is that the profits from this tax will benefit “disproportionately nothing to business owners ”
This new tax that comes into effect on 01 of July, that is, in less than a month it is covered by an opinion of the United States Supreme Court, dated June 2018 and that grants power to the governments of each state to collect taxes on online sales , regardless of where the seller is located.
Florida is not the first state to charge a special tax on online purchases, in fact sites like Amazon have the list that warns about all the states in the United States that can charge this special tax.
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