Sales Tax Information: Understanding Seller Reports
Amazon sellers need to grasp the nuances of sales tax information within their reports to ensure compliance with tax regulations and effectively manage their finances. Here’s a comprehensive overview:
Tax Document Library: Sales Tax Report Options
Amazon offers three primary types of sales tax reports:
- Sales Tax Calculation Report: This report provides detailed information on sales tax rates and taxing jurisdictions for orders, based on your configured tax settings.
- Marketplace Tax Collection Report: Reflects sales tax collected and remitted by Amazon for orders in Marketplace Tax Collection states. However, it is not intended for direct tax remittance.
- Combined Sales Tax Report: Offers a comprehensive view, including both tax calculated according to your settings and sales tax collected by Amazon for Marketplace Tax Collection states. Similar to the Marketplace Tax Collection Report, it is not for direct tax remittance.
Access to these reports is available for professional sellers:
- Go to Reports and click on Tax Document Library.
- Under Sales Tax Reports, select Generate a tax report.
- Choose the Report Type and reporting range, then click Generate.
- Your report will be accessible under Sales Tax Reports.
It’s essential to ensure that your tax settings are properly configured to avoid incomplete data in your Sales Tax Calculation Report.
Other Reports with Sales Tax
Sales tax amounts are also included in various other seller reports:
- Order Details: Provides specifics for individual orders.
- Date Range Report, Order Report, Fulfillment Report: Offer summaries of multiple orders, including sales tax information.
Individual sellers, however, do not have access to tax calculation services and reports. To gain access, they need to switch to a Professional selling plan.
Understanding sales tax information in seller reports is crucial for Amazon sellers to comply with tax regulations and manage their finances efficiently. Amazon provides three primary types of sales tax reports: Sales Tax Calculation Report, Marketplace Tax Collection Report, and Combined Sales Tax Report. Professional sellers can access these reports through the Tax Document Library by following simple steps. It's imperative to ensure proper configuration of tax settings to avoid incomplete data. Additionally, sales tax information is included in various other seller reports such as Order Details and Date Range Reports. Individual sellers do not have access to tax calculation services and reports, necessitating a switch to a Professional selling plan for access.