Rhode Island is mainly known for its thriving local businesses. A certain part of the state’s funding comes from sales tax which plays an important role in supporting public services and communities. Whether you have a small business setup or a large one, collecting sales tax and remitting it to the government on time is the prime concern of every business owner. At Tax  365, we help businesses in simplifying sales tax filing online and keep you updated on the latest Rhode Island sales tax rate. Sales tax is a fee added to the price of tangible goods and services. Sales tax is collected at the point of sale and this tax is a certain percentage that businesses remit to the state.

The statewide Rhode Island sales tax rate is 7% and this is imposed uniformly across the state on all tangible goods and services, with some exemptions. Most of the retail goods in Rhode Island are taxable that include electronics and appliances, furniture, clothing and footwear, restaurant meals and beverages, event tickets etc. On the other hand, certain services and goods are exempted from sales tax in Rhode Island include groceries, prescription medicines, certain types of medical equipment, and non-profit and charitable services. Understanding the ins and outs of sales tax is important for all business types.  At Tax 365, we keep our clients updated on the latest tax rates and regulations that change from time to time. Our aim is to keep your business compliant with state regulatory protocols to avoid costly penalties.