Understanding Online Sales Tax: South Dakota v. Wayfair, Inc. & Its Impact on ShareGrid Purchases:
Hey there! Let's break down an important Supreme Court decision and its effect on your online shopping, specifically on platforms like ShareGrid.
The Supreme Court case, South Dakota v. Wayfair, Inc., has ushered in a new way of taxing online sales. Now, states have the green light to tax sales made from distant or out-of-state sellers, which affects e-commerce platforms like ShareGrid.
So, How Does This Tax Work Differently?
When you shop at a physical store, the tax you pay is usually based on where that store is located. However, when shopping online:
Marketplace Facilitator Taxes come into play.
Instead of the tax rate being determined by where the seller is based, it’s now calculated based on where the buyer is having their purchase shipped to.
If you're buying something on ShareGrid, the tax will be more about where you are rather than where the seller is.
We hope that helps clarify things! If you have any questions, our support team is always ready and happy to assist you.
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 rendering legal, financial, accounting, business, tax, or other professional advice or services by means of this communication. 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.