My business is in NYC and I am buying lamps from a vendor in California who is not charging me any taxes (legally). I have read that I still need to pay Use Tax because those lamps would be taxable if purchased in NY. I would like to know how much NY Use Tax I would be obligated to pay?
Do I need to pay all of the following only a portion?
"The total sales and use tax rate in New York City is 8.875%.This includes:
- New York City local sales and use tax rate of 4.5%
- New York State sales and use tax rate of 4%
- Metropolitan Commuter Transportation District surcharge of 0.375%"
What if I receive the product in NY for only a day and then have them shipped overseas as gifts for my clients and they are not used or stored in NY? Do I still need to pay the tax?
Thank you in advance!