Latest Blog Posts for Auction Services X

• Use Tax
  on Feb 14, 2009 in Auction Services Tax
  Supplies, materials, or services purchased without an exemption certificate are subject to use tax, if sales tax was not paid at the time of purchase. The state use tax rate is 4%, plus applicable municipal use tax, and is payable to the Department o...
• Auction Clerk and Auctioneer Services
  on Feb 14, 2009 in Auction Services Auction Auctioneer Services
  Auction clerk services are subject to the 4% state sales tax, plus applicable municipal sales tax. Sales tax is based on where the auction clerk service is performed. At real estate auctions, the auction clerk’s service is taxed where the real..
• Auction Sales of Motor Vehicles or Boats
  on Feb 14, 2009 in Auction Services Auction Sales Boats Motor Vehicles
  Vehicles and boats without a South Dakota title cannot be sold at auction in South Dakota. Exceptions: A vehicle, with an out-of-state title, that is at least 20 years old. A motorcycle, with an out-of-state title, that is at least 30 years old, p...
• Benefit Auctions
  on Feb 14, 2009 in Auction Services Auctions Benefit
  A benefit auction is an auction organized by a religious, benevolent, fraternal organization, youth association or charitable activity to raise money for a religious, benevolent, youth or charitable purpose. A charitable purpose includes raising mone...
• Required Records
  on Feb 14, 2009 in Auction Services Records Required
  Auction clerks or auctioneers must have a South Dakota sales tax license for each place of business within the state. Records, such as purchase and sales invoices, bills of lading, books of all receipts and sales, cash register receipts, and other pe...
• Direct Expense Charges
  on Feb 14, 2009 in Auction Services Charges Expense
  The auction clerk or auctioneer may deduct from the auction’s taxable gross receipts the cost of tangible personal property or services purchased, if the following criteria are met: 1. The purchase is on behalf of a specific client; 2. Sales ta.
• Auction Sales
  on Feb 14, 2009 in Auction Services Auction Sales
  Except as otherwise provided in this tax fact sheet, tangible personal property and services sold at auction are subject to the 4% state sales tax, plus applicable municipal sales tax.The auction clerk is responsible for remitting the sales tax on th...

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