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What is the difference between sales tax and VAT?

ThomsonReuters

Both sales tax and VAT are types of indirect tax – a tax collected by the seller who charges the buyer at the time of purchase and then pays or remits the tax to the government on behalf of the buyer. Sales tax and VAT are a common cause of confusion within the corporate tax community.

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5 best practices for sales tax reporting and compliance with indirect tax regulations

ThomsonReuters

Implementing best practices for sales tax reporting can help ensure your business has real-time access to accurate content and the latest information , updated as soon as regulations change, so you can feel confident you’re calculating, collecting, and reporting taxes correctly with every transaction.

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Shrinking the Delaware Tax Loophole: Other U.S. States to Incorporate Your Business

inDinero Tax Tips

Take note, gross receipts tax in Delaware cannot be reduced by deducting expenses related to the costs of the goods or services sold. Your very own Delaware corporate tax calendar. Delaware incorporated entities that owe $5,000 or more in franchise taxes must make estimated quarterly payments in progressively smaller amounts.