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- IN ST-103 - Instructions 2007-2023 - Fill Out Tax Template ...
Get IN ST-103 - Instructions 2007-2023 - Fill Out Tax Template ...
Instructions for completing Form ST103 (The following instructions are valid for this form only.) 1.Total Sales Enter the total sales from activities for the period specified on the form. Do not.
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Remit FAQ
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Residents of Indiana are taxed at a flat state income rate of 3.23%. That means no matter how much you make, you're taxed at the same rate. All counties in Indiana impose their own local income tax rates in addition to the state rate that everyone must pay. Indiana counties' local tax rates range from 0.50% to 2.90%.
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Indiana has a 7.00 percent state sales tax rate and does not levy any local sales taxes. Indiana's tax system ranks 9th overall on our 2023 State Business Tax Climate Index.
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If your business sells goods or tangible personal property, you'll need to register to collect a seven percent sales tax. This registration allows you to legally conduct retail sales in the state of Indiana.
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The Indiana sales tax rate is 7%, with no local sales taxes. So collecting sales tax in Indiana is easy – just collect the state sales tax rate of 7%.
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As a general rule, services are exempt from sales/use tax unless specifically taxed. Indiana taxes telecommunications, cable television services, public utilities, lawn care services, and room or accommodations rentals for less than 30 days.
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Generally, the sale of food and food ingredients for human consumption is exempt from Indiana sales tax. Primarily, the exemption is limited to the sale of food and food ingredients commonly referred to as “grocery” food.
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Sales Tax Calculation and Formula Know the retail price and the sales tax percentage. Divide the sales tax percentage by 100 to get a decimal. Multiply the retail price by the decimal to calculate the sales tax amount.
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You may find the current year tax Indiana Individual forms online by going to .in.gov/dor/tax-forms/ and selecting the Individual Tax Forms download bar.
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