Some U.S. states, as well as some localities, have enacted marketplace facilitator, peer-to-peer, or similar sales tax laws. These laws require online marketplaces to collect tax from purchasers on behalf of sellers operating on their marketplace. As ShareGrid operates an online marketplace we may be required to calculate, collect, and remit certain transactional taxes on your behalf.
If you are selling or renting to Marketplace Facilitator states, ShareGrid will be responsible for collecting and remitting taxes from buyers on your behalf. ShareGrid is currently collecting taxes from buyers and renters in the following Marketplace Facilitator states:
Active Marketplace Facilitator States:
If you are a ShareGrid member in a Marketplace Facilitator state where ShareGrid collects and pays sales tax on your transactions, you do not need to collect or remit sales taxes for your ShareGrid sales or rental profits.
ShareGrid will automatically collect sales tax for items purchased or rented in Marketplace Facilitator states. It will not be possible for you to opt of this collection practice, unless you believe you are tax-exempt. If you're a tax-exempt entity in a marketplace state please contact our support team.
Sale taxes are an incremental charge to the transaction and will not affect your pricing.
You will not have to update your sales tax settings in your account. Those tax settings are used for states/regions where ShareGrid does not automatically collect sales tax.
Statement in Lieu of New York State Department of Taxation and Finance Form ST-150: ShareGrid is a registered New York State sales tax vendor and will collect sales tax on all taxable sales of tangible personal property that it facilitates for delivery to a New York State address.
ShareGrid cannot and does not offer tax-related advice to any Users. Please consult your tax consultant to determine tax treatment for your rental and sale activities and retain all relevant documentation. This statement is provided for information purposes only and is not intended to constitute tax advice.