Who is responsible for paying the sales tax - the buyer or the seller?
When it comes to the responsibility for paying sales tax in storage unit auctions on StorageHunt, we want to make it clear that StorageHunt handles all tax collection on behalf of facilities. As the merchant of record, we take care of the tax-related aspects of the auctions.
Here's how it works:
Automatic Tax Calculation: After an auction is completed on the StorageHunt platform, our system automatically calculates and charges the winning bidder the applicable sales tax. The tax amount is determined based on the location of your facility and any relevant tax regulations.
Simplified Process: This approach simplifies the tax collection process for both facility owners and winning bidders. You don't have to worry about calculating or collecting sales tax manually; StorageHunt ensures compliance with tax laws and handles the collection seamlessly.
Transparency: We are committed to transparency in all aspects of our platform. The sales tax amount is clearly displayed to bidders during the auction process, ensuring that they are aware of the total cost they will incur, including taxes.
By entrusting the responsibility for sales tax collection to StorageHunt, you can focus on managing your storage facility and auctions while we take care of the necessary tax-related tasks. If you have any further questions or require additional information about our tax collection process, please feel free to reach out to our support team. We are here to assist you and ensure a smooth experience for both facility managers and bidders.