Sales and Use Tax for Manufacturers in Georgia

Sales and Use Tax for Manufacturers in Georgia

Gain a better understanding of the manufacturers tax reporting requirements in Georgia. The Georgia manufacturing exemption has been amended by the legislation several times over the last decade. Many companies struggle to understand the scope of the manufacturing exemption as well as the nuances of what is taxable and not, and when any relevant exemptions affecting claims for refunds and mandating that direct pay permit holders waive interest on refunds. This topic will help companies understand when they may qualify for the manufacturer’s exemption and how to properly classify items as not taxable. We will also detail the new legislation and direct pay permit regulation and their implications. Failing to have the proper classifications on taxability could cost a company to overpay on taxes or subject them to an audit and additional liability. Critical issues will be discussed so that Georgia companies can ensure that they are properly calculating their tax liabilities.

Learning Objectives