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Mn M 4 2021-2025 Form

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Instructions and help about mn m4 tax

business guide 360 empowering entrepreneurs what is sales tax in MN sales tax in Minnesota is a consumption tax imposed on the sale of goods and services the state sales tax rate is currently set at 6.875% this rate applies to most retail sales including tangible personal property and certain services in addition to the state rate local jurisdiction can impose their own sales taxes this means that the total sales tax rate can be higher in certain areas for instance some cities may add a local sales tax increasing the overall rate certain items are exempt from sales tax in Minnesota these include groceries prescription drugs and some medical devices understanding what is exempt can help consumers save money businesses must register with the Minnesota department of revenue to collect sales tax this registration can be completed online once registered businesses are required to collect the sales tax at the point of sale sales tax must be reported and remitted to the state on a regular bas

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