Standard rate:
4.225 % – 10.1 %
Reduced rate:
1.225% – 4.225%
Sales tax-free products and services:
Machinery and equipment used in manufacture, drilling (mining), fabricating or producing a product which used for final consumption.
And others.
Who is obliged to register sales tax:
Seller to have sales tax nexus in the state if you have any of the following in the state: An office for business; An employee; Goods in a warehouse; Delivery of merchandise in Missouri in vehicles owned by the taxpayer and others.
Threshold:
–
Marketplace:
–
Registration procedure:
You can be registered online on the Missouri Department of Revenue website.
Sales tax payment and filing date:
Depending on your tax liability, determine your filing frequency – either annual, monthly, or quarterly:
Annual – $0.00 to $33.00
Quarterly – $33.34 to $133.33
Monthly – $133.34 to $9,999.99
Monthly with Prepayment – $10,000.00 and up
Returns are always due on the 20th or the last day of the month following the reporting period. If the filing due date falls on a weekend or holiday – due the next business day.
Penalty and interest:
- Late Filing Penalty – 5% of tax due per month or fraction (maximum 25%).
- Late Payment Penalty – 5% of tax due.
Discount:
As long as your sales tax return is filed before the due date – 2% discount.