S&u-7 Filing Sales & Use Tax Returns - New Jersey Department Of The Treasury
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12S&U-7, Filing Sales & Use Tax Returns
General Information
Introduction
Retail sales of most merchandise and certain
This bulletin explains how and when to file
services sold within New Jersey are subject to
New Jersey sales and use tax returns. It
State sales tax at a current rate of 6%. Request
includes illustrated, step-by-step instructions
Tax Topic Bulletin S&U-4, New Jersey Sales Tax
on completing and filing both the monthly and
Guide, for details about which products and
services are subject to tax.
quarterly returns used by most businesses
(Forms ST-50 and ST-51) and the Annual
Use tax is a compensating tax which the buyer
must pay directly to the State whenever sales tax
Business Use Tax Return (Form ST-18B) used
is not collected by the vendor of certain taxable
by certain qualifying “nonvendors.
products or services acquired for use in New
Jersey. Use tax is calculated at the same rate as
sales tax. For more information, request our
publication ANJ-7, Use Tax in New Jersey.
Leases and Rentals. The New Jersey Sales and
Use Tax Act makes a distinction between leases
and rentals for sales and use tax purposes. Rent-
als are short term transactions lasting no more
than 28 days and are treated as retail sales. Any
sales tax due on the rental price is paid by the
renter (the person who pays to rent the item). A
lease is a long-term transaction, lasting more than
28 days. The lessor (generally, the owner of the
property) is responsible for paying use tax based
on either the purchase price of the property or
the total amount of lease payments being made by
the lessee (not including separately stated
nontaxable charges, such as finance charges).
Sales and Use Tax Returns. Every entity
registered in New Jersey to collect sales tax or
to remit use tax must file a sales and use tax
return on a regular basis using the appropriate
form(s). The amount of tax due for the filing period
Rev. 2/97
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