Today’s tax tip is about exports. Specifically, if exports are taxable and the documentation needed to substantiate the tax exempt treatment of exports.
Key Takeaways:
Exports are items that are shipped to a different country.
The documentation required to prove that an item has been exported may be different than what is required for sales to an out of State customer.
The requirements differ from jurisdiction to jurisdiction.
It is important that you have a clear understanding of the requirements in the jurisdictions where you or your client conducts business.
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