If you accept false or expired exemption certificates or if you are not able to present a valid copy of an accepted exemption certificate, you might be liable for the sales tax you did not collect, as well as potential interest and penalties from regulatory authorities. If you decide to accept exemption certificates, you should ensure to apply the correct validation process and store your certificates for easy access for future audits.
What are my risks when accepting exemption certificates? Print
Modified on: Fri, 19 Feb, 2021 at 7:40 PM
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