Kansas – Pushes For Marketplaces To Collect Sales Tax For Third-Party Sellers

Marketplace facilitators may be responsible for collecting and remitting tax on third-party sales as early as October 1, 2020.

Currently, marketplaces in Kansas aren’t responsible for tax on all sales made through their platform — just for the tax on their direct sales. Since marketplace sellers may not be collecting tax on those sales either, Kansas is missing out on a significant chunk of change. Governor Laura Kelly’s 2021 budget proposal predicts the State General Fund would increase by $22.4 million in FY 2021 if marketplace facilitators collected and remitted sales tax on third-party sales.

For the Full Story: CPA Practice Advisor

CPA practice advisor
by Gail Cole
February 26, 2020