Taxation

Many states impose a sales tax at the point of sale. The rate varies between states and counties.

Income and corporate tax laws apply. Advice from taxation professionals is suggested for Australians establishing a business presence in the USA. There are several relevant “Doing Business in the US publications available from the private sector. Ernst and Young and Deloitte, have a publication entitled ‘Doing Business in the USA’, which provides overviews of the US tax systems. Other accounting firms provide similar publications. The US Small Business Administration provides direct links to state based tax information.

General tax information:

  • Excise and regulatory taxes apply to a range of products.
  • Retail sales tax is levied by states and municipal bodies and vary considerably.

Advice on tax liability situation should be obtained from professional tax advisers, accountants or lawyers. The Internal Revenue Service (IRS) can provide advice and the Australian Taxation Office can advise on Australian tax implications.