Coupons, Gift Certificates and Trade Discounts
Coupons, Gift Certificates and Trade Discounts Some retailers sell goods on account and offer a small cash discount off an invoice amount for expedited payment. This is a financing option and does not reduce the full selling price subject to sales tax.
Actived: Just Now
City Of Louisville
Coupons / Gift Certificates / Trade Discounts Examples A grocery store offers a $10 off store coupon on the purchase of $50 worth of groceries. The coupon reduces the taxable purchase price to the customer and sales tax should be calculated on the reduced price.