Oklahomans receive reminder that sales tax must be paid for Online Purchases

Monday, August 30th, 2010

 
 
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Oklahoma
General

The Governor is expected to sign a bill into law requiring businesses to provide notice to purchasers who don't pay sales tax on internet purchases that they have a requirement to self pay a use tax.

If the law is signed, it will go into effect as of October 1, 2010.

The new effort is expected to generate $30 million in new revenues for the state.

According to Tony Mastin, Oklahoma Tax Commission administrator, the idea is to let online purchasers know "it's not a tax-free purchase even though the retailer is not collecting the tax.”


About TTR

Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.

TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

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