E-Business tax for US - Sales tax and Use Tax
E-Business tax implemented as it is:
· What are the pros and cons for implementing E-Business tax as a stand-alone option in this case. Eg- Since it is a combination tax and has vast rules maintaining and changing the setups would be a huge task post implementation.
· If the supplier/customer base is spread across US, will E-Business tax cannot be implemented without a bolt-on-application. Would it be better it is integrated with a third party service provider such as Vertex/Taxware etc.
Use Tax (Self-assessed Tax):
How is use tax calculated. We know that it is based on self-assessed basis and supplier registration status. What we understand is that it is also based on items and items usage as well. Have we created rules for self-assessed tax with the combination of registration status, item category and any user defined classification (for item usage). Did we use intended usage classification in any of the rule?