Announcement

Collapse
No announcement yet.

Sales tax on gift cards Massachusetts

Collapse
This topic is closed.
X
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Sales tax on gift cards Massachusetts

    I operate a retail business. I'd like to activate a bunch of gift cards and load them with a $5 value to be used as promotional coupons. Would I have to pay sales tax on the $5 value without knowing if the gift card may/may not be redeemed?

    Another question related to gift cards, what're the state requirements in terms of keeping a cash reserve for gift card settlements?

    Thanks in advance for your input.
Working...
X