Just How is Your Valentine’s Candy Taxed?

Sovos
February 10, 2015

How Do I Tax Thee? Let Me Count the Ways… Valentine’s Day is just around the corner,and that means teddy bears, roses, and, of course, candy!   Crazy facts about the amount of candy purchase can be found everywhere.

Take Our Valentine’s Quiz

There is no question that candy is the most popular gift for Valentine’s Day but do you know which of these sweet treats are taxed?  Take Our Quiz to find out where you stand in comparison to your sweet-toothed friends! Sales Tax for Valentine’s Candy – Food Rules May Not Apply Many states have exemptions or lower rates that apply to food, but sometimes those rules don’t apply to candy. The Streamlined Sales Tax Program (SSTP) set out to create uniform definitions of items in order to simplify sales and use tax collection and administration by retailers and states. What the SSTP considers to be candy may differ from what you may believe to be candy. Are you a Candy Tax Expert? Tax rules can be complicated. Whether they’re candy-related or not, the Taxware Research team is here to help! Our Taxware Research team is dedicated to tax compliance research in all U.S. and Canadian jurisdictions and worldwide. Staying up-to-date on the intricacies of ever-changing tax rules is what sets our software and services apart. Have questions about sales tax rules? Ask a Taxware Expert today.

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Author

Sovos

Sovos is a global provider of tax, compliance and trust solutions and services that enable businesses to navigate an increasingly regulated world with true confidence. Purpose-built for always-on compliance capabilities, our scalable IT-driven solutions meet the demands of an evolving and complex global regulatory landscape. Sovos’ cloud-based software platform provides an unparalleled level of integration with business applications and government compliance processes. More than 100,000 customers in 100+ countries – including half the Fortune 500 – trust Sovos for their compliance needs. Sovos annually processes more than three billion transactions across 19,000 global tax jurisdictions. Bolstered by a robust partner program more than 400 strong, Sovos brings to bear an unrivaled global network for companies across industries and geographies. Founded in 1979, Sovos has operations across the Americas and Europe, and is owned by Hg and TA Associates.
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