
A Florida Resale Certificate is an authorization that enables an organization to purchase tax-free goods and services from suppliers in order to resell those goods and services. The retailer must provide their vendor with a Florida Resale Certificate to use one. When retailers buy products to sell back, they frequently do not contribute sales tax to the supplier.
The sales tax remains to be compensated, but rather than the retail outlet paying it, the retailer will charge the customer sales tax on the total balance of the products. The retailer then sends the sales tax collected to the Florida Department of Revenue.
The certificate aims to offer evidence as to why sales tax was not obtained on a transaction. Resale certificates are also known as reseller numbers, seller’s permits, exemption certificates, wholesale licenses, sales tax exemption certificates, reseller’s permits, and reseller’s licenses. To enable tax-exempt buying, the seller requires proof …