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Dec 18, 2024
How do you accurately calculate total sales tax for different transaction types in Florida?
To calculate total sales tax in Florida:
State Rate: Start with the 6% state sales tax.
Local Surtax: Add the applicable county surtax (0.5% to 1.5%).
Transaction Type:
E-commerce: Apply both state and local taxes to tangible goods.
SaaS: Generally exempt unless it involves tangible personal property.
Services: Most are exempt; verify specific cases.
Formula: Total Sales Tax = Sales Amount × (State Tax Rate + Local Surtax Rate)
Example: For a $100 sale in a county with a 1% surtax:
State Tax: $100 × 6% = $6.00
Local Surtax: $100 × 1% = $1.00
Total Sales Tax: $7.00
