May, 2023 » Brock CPA

Understanding Sales Tax Requirements for E-commerce Businesses in Florida

Understanding sales tax requirements is essential for e-commerce businesses operating in Florida. A little less than two years ago, the State of Florida began requiring e-commerce sellers to collect sales tax, following many years of not doing so.

Today, e-commerce businesses must register with the Florida Department of Revenue, collect and remit sales tax, and file sales tax returns. They must also determine the correct sales tax rate for each transaction and comply with sales tax exemptions and deductions. Failure to comply with sales tax requirements can result in penalties, fines, and audits. By understanding and complying with sales tax requirements, e-commerce companies can avoid business disruption, lost profit and headaches.

For those operating an e-commerce business, here’s a helpful guide to understanding your sales tax requirements in Florida.