Our lovely Governor has signed into law a new tax. The new tax is on soda and candy. The additional tax is 2.9 % on top of the state and local taxes already for in state sales. Problem is, if an in state buyer (CO buyer) buys candy, how do I add that additional 2.9% sales tax on top of the regular tax?
Question 2: along with this new law, CO is now asking all online businesses outside of CO to collect sales tax on all purchases made by CO buyers and submit to CO. That isn't a problem currently but it could be if other states adopt similar laws. From what I understand, it's not simply a flat rate per state, it depends on where the buyer lives and the tax rate there....thousands of tax rates. Is Zen set up to handle that sort of thing? I have a friend on Zen in CA who is wondering how to handle the collection of CO taxes given this new law because of all the percentages.
Any ideas or help would be appreciated. I am just trying to be prepared if/when other states adopt this law so I'm not left swimming upstream without a paddle. This law has already affected my businesses as I earned a fair amount of commission sales from Amazon's affiliate program. As of the other day, they shut down ALL the CO affiliates because of this law. There goes my profit...don't want to lose it all
thanks!
Bookmarks