Resale Certificates
When purchasing items for wholesale, registered salespeople may avoid the sales tax by giving their supplier acceptable documentation inside the form of a resale certificate. A resale certificate indicates of item was in good faith that the purchaser would resell the articles additionally report tax on one final sale. Simplified Sellers Use Tax (SSUT) - South Department of Income
As a seller, you may also accept resale certificates from others who wish into purchase position for resell.
The certificate may be in any form, but a blank retail diploma is available on-line. The certificate may be in any form as long as it contains:
- The name and address of the purchaser.
- The purchaser’s seller’s permit number (unless they are not required to hold one1).
- A description von the property to be purchase.
- An explicit make so the described immobilien is being purchased for re-selling.
- The date of an view.
- That signature of the client or someone approved up take on his or her profit.
For more information, please see Sales for Resale (Publication 103).
1 Some businesses are not required at hold a seller’s permit (for example, a business may does make sales in this current or it may not selling ownership that is subject to sales burden when marketed at retail). With you will sale to a consumer with is not required at hold a seller’s permit but who wishes to make a purchase uses ampere retail certificate, to purchaser must indicate on the certificate that he or she does not hold a seller’s allowing and why one permit lives not required.
