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Tax Exemption for Verified Resellers
Tax Exemption for Verified Resellers
We are pleased to announce that we will be conducting a tax-exempt test with a select number of our sellers.
This test aims to provide a process for tax-exempt purchases on our platform for those who have reseller certifications. We believe that this will be an important feature for our sellers who make tax-exempt purchases.
Phases of Rollout:
Phases of Rollout:
Phase 1: Testing with limited number of sellers
Phase 2: Rollout to all sellers and short-listed buyers.
Phase 2.5: Help big buyers get certified.
Phase 3: Use as a means to acquire big buyers.
Phase 2/2.5 (ongoing)
Phase 2/2.5 (ongoing)
During Phase 2/2.5, all sellers on Drip and their major buyers can apply for sales tax exemption (if applicable).
Required documents: certificate or permit for reselling items (i.e. retail permit, exemption certificate, etc)
Apply now 👇
Apply now 👇
Frequently Asked Questions
Frequently Asked Questions
What is sales tax exemption?
Based on where you live, you may be charged for sales tax whenever you make a purchase on Drip.
However, some states in the US allow buyers to avoid paying sales tax if you are purchasing items for a business that resells items.
How do I know if I qualify for sales tax exemption on Drip?
To qualify for sales tax exemption on Drip purchase, you must have a registered business that qualifies for sales tax exemption.
How do I get sales tax exemption for myself?
Each state has their own process and regulations, so please contact your local or state authorities and file an application for a Sales Tax Exemption Certificate.
Once you receive this certificate, you can apply to receive sales tax exemption on your Drip purchases!
How do I know if I have the correct documents?
Phase 1 (completed)
Phase 1 (completed)
To participate in the test, we ask that you submit your reseller certificate or tax-exempt paperwork in the form provided in the link below. The deadline for submission is Sunday, March 5th, and we are working quickly to implement this test so the sooner you submit, the better.
https://3qdhru35qvv.typeform.com/to/sQMYQ1Lp
While we are only selecting a number of sellers for the test, having your paperwork on file does mean we can implement it once the test has concluded. We will follow up with both those who are accepted and those who are not with more information.
We appreciate your cooperation and participation in this test as we are eager to implement this on the platform. If you have any questions, please do not hesitate to reach out to us.
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