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Do I have to collect sales tax for rentals or sales?
Do I have to collect sales tax for rentals or sales?
Dave avatar
Written by Dave
Updated over a week ago

If you are a ShareGrid owner or seller 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.

ShareGrid will automatically collect sales tax for items rented or purchased in Marketplace Facilitator states. It will not be possible for you to opt of this collection practice. The upside is that you will not have to take any additional action.

Sale taxes are an incremental charge to the transaction and will not affect your pricing.

You may be responsible for calculating, collecting, and remitting sales taxes your jurisdiction is not listed below.

How To Setup Your Own Tax Policies

To establish your own tax policy:

1. Navigate to your account settings.

2. Agree to the terms

3. Select the state you want to collect taxes in.

Please note: Each seller should research their local laws about collecting and remitting taxes for their online sales channels. If you're uncertain how to charge tax, we encourage you to consult an accountant or other experts in your area.

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.

DISCLOSURE: This communication is on behalf of ShareGrid Platforms, LLC or its affiliates (“ShareGrid”). This communication is for informational purposes only, and contains general information only. ShareGrid is not, by means of this communication, rendering legal, financial, accounting, business, tax, or other professional advice or services. This communication is not a substitute for such professional advice or services nor should it be used as a basis for any decision or action that may affect your interests. You should consult a qualified professional advisor. ShareGrid does not assume any liability for reliance on the information provided herein.

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