South Carolina
The South Carolina sales tax rate is currently 6.0%. South Carolina businesses are required to file and remit sales tax electronically.
South Carolina was listed in Kiplinger’s 2011 10 tax-friendly states for retirees with one exception: “sales taxes can be high…” in addition to the statewide rate, “…counties can levy an additional 2% [but] prescription drugs are exempt.”
Exemptions and South Carolina
In 2011 it became notable that South Carolina allows roughly $2.7 billion a year in tax exemptions while only collecting $2.19 billion in sales tax dollars. This has been brought to the attention of the South Carolina Supreme Court through a lawsuit presented by Lewis and Harpootlian of Columbia, South Carolina in March, 2011.
Avalara Sales and Use Tax Products for South Carolina
AvaTax – AvaTax is a powerful, online sales tax compliance solution that provides all businesses with a level of sales tax automation that until now has been available only to Fortune 500 companies. AvaTax’s transaction-based service model and seamless integration into business applications gives you rapid access to all jurisdiction assignments and real-time sales tax calculations. Cutting-edge technologies and superior processing logic can manage even the most complicated tax issues, such as situs, nexus, tax tiers, tax holidays, exemptions, certificate management and product taxability rules.
TrustFile – TrustFile offers a simple and inexpensive solution that automates sales and use tax processes in the twelve states that mandate e–filing and e–payment.
TrustFile Forms – TrustFile Forms helps you streamline the paper returns preparation process with a catalog of more than 1,000 state-approved forms for US States, US Possessions and Canada.
