Are you familiar with the Florida use tax? The use tax is similar to the Florida sales tax, but it is less widely known. The Florida use tax is due on the use or consumption of taxable goods or services if sales tax was not paid at the time of purchase. For example:
- If you buy a taxable item in Florida and did not pay sales tax, you owe use tax.
- If you buy an item tax exempt intending to resell it, and then use the item in your business or for personal use, you owe use tax.
- If you buy a taxable item outside Florida and bring it into (or have it delivered into) Florida, and you did not pay sales tax on the item, you owe use tax.
As a service to Florida businesses, the Florida Department of Revenue is hosting a free webinar for businesses titled “Use Tax and You: What Businesses Should Know about Florida’s Most Misunderstood Tax.”
The webinar is Thursday, July 12, 2018 from 2:00 to 3:00 pm (Eastern Daylight Time).
During this webinar, businesses will learn:
- The definition of Florida’s use tax
- How it differs from Florida’s sales tax
- Examples for how and when it applies to your business
- When it is due and why
- Why is it often discovered when a business gets audited by the Department of Revenue
To participate in the webinar, you will need access to a computer so you can view the presentation. To register, please visit the Department of Revenue’s website by clicking here.
Businesses can also access past webinars from the Department of Revenue’s website:
- Sales Tax Tales: Fact vs. Fiction, which explains about Florida’s sales and use tax laws, resale certificates, and website resources.
- Florida Reemployment Tax Basics – Foundation for Your Success, in which explains reemployment tax requirements and responsibilities, how to file and pay this tax electronically, and records that businesses are required to keep.
- Florida Sales and Use Tax Basics – Foundation for Your Success, which explains the basics of the Florida sales and use tax laws and requirements for businesses.