This article covers how Jet.com Marketplace handles taxes and explains how it differs from the other Marketplaces.
- In the case of Jet.com, Jet purchases product from the retailers and resells those items to Jet Members. Jet is the seller of record on sales to Jet Members and is responsible for collecting and remitting all applicable sales taxes in states where Jet has a taxable presence (“tax nexus”).
- Jet currently has sales tax nexus in the following states: AR, CA, CO, CT, FL, GA, IL, IN, KS, LA, MA, MI, MN, MO, NE, NJ, NY, NV, OH, PA, RI, SD, TN, TX, UT, VT, WA and WY. The two states, "District of Columbia and Maryland" are an exception to this.
- Jet provides a resale exemption certificate for each sale. Retail Partner (RP) retains this and charges no tax.
- Retail Partners (“RP's”) do not need to configure any tax settings or collect and remit sales tax on their Jet orders. Jet handles this between Jet and its customers.
Jet imports the sales tax during order import into NetSuite as usual but, accounting teams in NetSuite should ignore the sales tax on these orders from a collection and remittance standpoint.
For more information, access the link below. See the "Sales Tax" section: