Minimum Sales Rate Tax for 2024
| 6% | Column content | Column content | Column content | Column content | |
| 0.00% | Column content | Column content | Column content | Column content | |
| 1.00% | Column content | Column content | Column content | Column content | |
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| Scientific & Cultural Fac.(cd) | Column content | Column content | Column content | Column content | |
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| Minimum combined sales tax rate value | 7.00% | Column content | Column content | Column content | Column content |
| Special tax | Column content | Column content | Column content | Column content | |
| Economic sales nexus threshold | $100,000 | Column content | Column content | Column content | Column content |
| Transactions threshold | N/A | Column content | Column content | Column content | Column content |
| Sales tax return filing due date | 1st of the month following the reporting period. | Column content | Column content | Column content | Column content |
The base state sales tax rate in Florida is 6%, but since the city-specific tax rate is 0% and the Miami-dade County tax rate is 1%, the minimum sales tax rate for Miami is 7%.
How to calculate your sales tax rate
Use our online sales tax calculator to determine the combined state and local sales tax rate for each location where you have a physical or economic nexus. Just enter your state and ZIP code to get your sales tax rate.
Looking for help calculating your sales tax? Contact us today to book a free consultation!
What is nexus?
In Miami, businesses must understand “nexus” to determine their tax obligations. Nexus refers to the connection that requires a business to collect sales tax in a state. This concept became even more important after the U.S. Supreme Court’s decision in South Dakota v. Wayfair, Inc., which allowed states to require sales tax collection based on economic activity rather than just a physical presence.
Specific sales tax rules for Miami
Sales tax rates for various transactions in Miami are as follows: 3% on retail sales of new mobile homes, 4% on amusement machine receipts, 2% on the rental, lease, or license of commercial real property, and 6.95% on electricity.
Miami does not impose an individual income tax. The corporate income tax rate is 5.5 percent, and the effective property tax rate on owner-occupied homes is 0.71 percent.
There is no estate tax or inheritance tax in Miami. The state has a gas tax rate of 38.6 cents per gallon and a cigarette excise tax rate of $1.339. Per capita, Florida collects $4,339 in state and local taxes, while the state carries $6,163 in state and local debt per capita, with public pension plans being funded at an 82 percent ratio.
Services
Generally not taxable unless directly related to the sale of tangible personal property.
Goods
In general most goods such as appliances, cars, furniture, sporting goods, and electronics, are subject to sales tax.
Clothing
Taxable unless during a sales tax holiday.
Electronics
Taxable.
SaaS
No taxable as considered a service.
Digital Products
Generally not taxable.
Software
Pre-written and custom software are considered taxable.
Freight/Shipping
Cost of shipping itself isn’t taxable unless included in sales price.
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