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Thai tamarind family

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Elijah Robinson
Elijah Robinson


On May 30, 2018, Iowa Governor Kim Reynolds signed Senate File 2417 (SF 2417), an extensive state tax reform bill to improve the tax structure in Iowa. This law modernizes and expands the types of businesses required to collect Iowa sales tax and local option sales tax. Specifically, marketplace facilitators and remote sellers that exceed a certain amount of revenue or transactions must charge Iowa sales tax and applicable local option sales tax the same as retailers with a physical presence in Iowa. The 2019 legislature modified those new requirements.


Marketplace facilitators must begin collecting Iowa sales tax and applicable local option sales tax on January 1, 2019 if the marketplace facilitator made or facilitated Iowa sales of tangible personal property, services, or specified digital products into Iowa equal to or exceeding $100,000 in calendar year 2018.

Example: Marketplace M is a marketplace facilitator that collects Iowa sales tax and applicable local option sales tax on Iowa sales facilitated through M's marketplace. Seller S lists soccer balls for sale on M's marketplace. A purchaser in Iowa buys a soccer ball listed by S on M's marketplace. The soccer ball is delivered to the purchaser's home address in Iowa. M must collect Iowa sales tax and applicable local option sales tax on the sale of the soccer ball. The outcome is the same regardless of whether S is located in Iowa and regardless of S's Iowa sales volume.

If a marketplace seller only makes retail sales in Iowa through a marketplace and the marketplace facilitator collects Iowa sales tax and applicable local option sales tax, the marketplace seller does not need to obtain an Iowa sales tax permit or file Iowa sales tax returns. Iowa sales tax will be reported and paid on a sales tax return filed by the marketplace facilitator.

If a marketplace facilitator did not meet the economic nexus threshold in calendar year 2018 (and is therefore not required to collect Iowa sales tax beginning January 1, 2019), and the marketplace seller exceeded the thresholds in calendar year 2018, the marketplace seller must collect Iowa sales tax and applicable local option sales tax on retail sales made on the marketplace. Marketplace sellers should contact the marketplaces on which they make sales to determine when the marketplace will begin collecting Iowa sales tax and applicable local option sales tax.

Example: Seller C is an Iowa-based business, with property and personnel located in Iowa. Seller C has $80,000 in gross revenue from Iowa sales. Seller C makes $10,000 of gross revenue from Iowa sales through a marketplace facilitator that collects Iowa sales tax and applicable local option sales tax. The remaining $70,000 in gross revenue comes from Iowa sales made directly through Seller C from its physical location in Iowa. Seller C must collect and remit Iowa sales tax and applicable local option sales tax on the $70,000 in non-marketplace sales. On its Iowa sales tax ;return, Seller C should report $80,000 in gross sales. Seller C may take a deduction of $10,000 for sales on which the marketplace collected Iowa sales tax and applicable local option sales tax.

Marketplace Seller: a seller that makes retail sales through a marketplace facilitator, regardless of whether the seller is a remote seller or a retailer with a physical presence in Iowa.

If you answered yes to both of these questions, you are likely a marketplace facilitator and are required to obtain a sales tax permit to remit tax collected at your event. For full details about how an entity qualifies as a marketplace facilitator, please review Iowa Code section 423.14A.

If you are not a marketplace facilitator, you need to register your special event in accordance with Iowa Code section 423.33(3). Please complete the following Special Events Sponsor Registration Form. For more information about responsibilities of sponsors and vendors of special events, view Special Events - Sales/Use Tax Permits.

A marketplace or market place is a location where people regularly gather for the purchase and sale of provisions, livestock, and other goods.[1] In different parts of the world, a marketplace may be described as a souk (from the Arabic), bazaar (from the Persian), a fixed mercado (Spanish), or itinerant tianguis (Mexico), or palengke (Philippines). Some markets operate daily and are said to be permanent markets while others are held once a week or on less frequent specified days such as festival days and are said to be periodic markets. The form that a market adopts depends on its locality's population, culture, ambient and geographic conditions. The term market covers many types of trading, as market squares, market halls and food halls, and their different varieties. Thus marketplaces can be both outdoors and indoors, and in the modern world, online marketplaces.

Markets have existed for as long as humans have engaged in trade. The earliest bazaars are believed to have originated in Persia, from where they spread to the rest of the Middle East and Europe. Documentary sources suggest that zoning policies confined trading to particular parts of cities from around 3000 BCE, creating the conditions necessary for the emergence of a bazaar. Middle Eastern bazaars were typically long strips with stalls on either side and a covered roof designed to protect traders and purchasers from the fierce sun. In Europe, informal, unregulated markets gradually made way for a system of formal, chartered markets from the 12th century. Throughout the medieval period, increased regulation of marketplace practices, especially weights and measures, gave consumers confidence in the quality of market goods and the fairness of prices. Around the globe, markets have evolved in different ways depending on local ambient conditions, especially weather, tradition, and culture. In the Middle East, markets tend to be covered, to protect traders and shoppers from the sun. In milder climates, markets are often open air. In Asia, a system of morning markets trading in fresh produce and night markets trading in non-perishables is common.

In the Asia Minor, prior to the 10th century, market places were situated on the perimeter of the city. Along established trade routes, markets were most often associated with the caravanserai typically situated just outside the city walls. However, when the marketplace began to become integrated into city structures, it was transformed into a covered area where traders could buy and sell with some protection from the elements. Markets at Mecca and Medina were known to be significant trade centres in the 3rd century (CE) and the nomadic communities were highly dependent on them for both trade and social interactions.[41] The Grand Bazaar in Istanbul is often cited as the world's oldest continuously operating, purpose-built market; its construction began in 1455.

According to the Rites of Zhou, markets were highly organized and served different groups at different times of day; merchants at the morning market, every day people at the afternoon market and peddlers at the evening market.[46] The marketplace also became the place were executions were carried out, rewards were published and decrees were read out.[45]

Individual markets have also attracted literary attention. Les Halles was known as the "Belly of Paris", and was so named by author, Émile Zola in his novel Le Ventre de Paris, which is set in the busy 19th century marketplace of central Paris. Les Halles, a complex of market pavilions in Paris, features extensively in both literature and painting. Giuseppe Canella (1788 - 1847) painted Les Halles et la rue de la Tonnellerie. Photographer, Henri Lemoine (1848 - 1924), also photographed Les Halles de Paris.[69]

In Morocco, markets are known as souks, and are normally found in a city's Medina (old city or old quarter). Shopping at a produce market is a standard feature of daily life in Morocco.[77] In the larger cities, Medinas are typically made up of a collection of souks built amid a maze of narrow streets and laneways where independent vendors and artisans tend to cluster in sections which subsequently become known for a particular type of produce - such as the silversmith's street or the textile district. In Tangiers, a sprawling market fills the many streets of the medina and this area is divided into two sections, known as the Grand Socco and the Petit Socco. The term 'socco' is a Spanish corruption of the Arabic word for souk, meaning marketplace.[78] These markets sell a large variety of goods; fresh produce, cooking equipment, pottery, silverware, rugs and carpets, leather goods, clothing, accessories, electronics alongside cafes, restaurants and take-away food stalls. The Medina at Fez is the oldest, having been founded in the 9th century.[79] The Medina at Fez has been named a World Heritage site. Today it is the main fresh produce market and is noted for its narrow laneways and for a total ban on motorized traffic. All produce is brought in and out of the marketplace by donkey or hand-cart. In Marrakesh, the main produce markets are also to be found in the Medina and a colourful market is also held daily in the Jemaa el-Fnaa (main square) where roaming performers and musicians entertain the large crowds that gather there. Marrakesh has the largest traditional Berber market in Morocco.

The marketing historian, Petty, has suggested that Indian marketplaces first arose during the Chola Dynasty (approx. 850 -1279CE) during a period of favourable economic conditions. Distinct types of markets were evident; Nagaaram (streets of shops, often devoted to specific types of goods; Angadi (markets) and Perangadi (large markets in the inner city districts).[97]

The sub-continent may have borrowed the concept of covered marketplaces from the Middle East around the tenth century with the arrival of Islam. The caravanserai and covered market structures, known as suqs, first began to appear along the silk routes and were located in the area just outside the city perimeter. Following the tradition established on the Arabian peninsula, India also established temporary-seasonal markets in regional districts. In Rajasthan's Pushkar, an annual camel market was first recorded in the 15th century. However, following the foundation of the Mughal Empire in northern India during the 16th century, this arrangement changed. A covered bazaar or market place became integrated into city structures and was to be found in the city centre.[98] Markets and bazaars were well known in the colonial era. Some of these bazaars appear to have specialised in particular types of produce. The Patna district, in the 17th century, was home to 175 weaver villages and the Patna Bazaar enjoyed a reputation as a centre of trade in fine cloth. When the Italian writer and traveller, Niccolao Manucci, visited there in 1863, he found many merchants trading in cotton and silk in Patna's bazaars.[99] 041b061a72


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