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Maryland Sales and Use Tax Increases to 9%: What This Means for Restaurants
On July 1, 2011, the tax on the sale of alcoholic beverages increases from 6% to 9%. Consequently, taxpayers affected by this increase must act immediately to ensure compliance. There are numerous significant potential issues arising from this legislation including: POS systems, reporting requirements, customer checks, bundled transactions, prior contracts and more. Click here to read how the tax increase affects your business. Click here to access the FAQ document. |
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