How does Reverb assist with US Tax calculation?
As of July 8th, 2019, Reverb automatically calculates tax rates for all US states that are active Marketplace Facilitator States.
What do sellers need to do?
If you add additional states in which you collect taxes from your Tax Policy Settings, you'll no longer need to manually enter a tax rate. Simply select states to start collecting in and click "Add Tax Policy".
Additional Information:
To learn more about tax collection threshold for different states, please refer to this state-by-state breakdown of Economic Nexus thresholds provided by our tax partner Avalara.
For tax advice, you should contact a tax professional.
To learn how to setup your Tax Policies, you can refer to our guide here.
To learn about Reverb Sales Tax Information, you can refer to this article here.
Further Reading:
How Much Sales Tax Will I Have To Pay On My Order?
How State Sales Tax Applies to Reverb Orders
Do I Have To Pay Sales Tax on Used Gear?
Why Was I Charged Tax On My Order?
Why am I Being Charged Sales Tax as a Seller? I am an Individual/Small Shop.