2023 SaaS sales tax rates for New Hampshire
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Is SaaS taxable in New Hampshire?
New Hampshire is one of the few US states that does not impose a state-wide sales tax. This means that businesses selling digital products, including SaaS, in the state are not required to collect and remit sales tax.
However, it’s always a good idea to consult with a tax professional to ensure you stay up-to-date with the latest tax laws and regulations. They can help you navigate the complex world of taxes and ensure that your business is in compliance with all applicable laws.
How to determine if your product is taxable in New Hampshire
While New Hampshire does not impose sales tax, this is subject to change in the future. It’s also important to note that many US states and cities have their own sales tax laws, and the way digital products are taxed can vary widely.
It’s also essential to be aware of sales tax nexus laws if you are a business with a substantial sales presence in other states that impose sales tax. Nexus laws refer to the obligation to collect and remit sales tax in states where a business has a significant economic or physical presence.
Each state has the autonomy to define economic nexus thresholds, which might include total sales, transaction count, or both. If your business has customers in other states, be sure to stay informed on the evolving economic nexus laws and requirements in those states.
Sales tax compliance in New Hampshire
With no state-level sales tax and only a few exceptions subject to taxation, most businesses selling digital products in New Hampshire will not need to worry about sales tax compliance. However, if your product falls under one of the exceptions or if you have a presence in other states that require sales tax collection, it’s crucial to stay informed and to consult with tax professionals to ensure you are following all relevant tax laws and regulations.