Missouri vendors may round the final total of cash purchases to the nearest five cents, while calculating and sending sales tax under the regular tax brackets.
Vendors may round a cash purchase’s final total up or down to the nearest five cents. The rule does not apply to noncash payments, and sales tax remains due under the tax brackets.
A vendor may round the final total of a cash transaction to the nearest five cents. This applies to sales of goods or services paid in cash, not to credit, debit, or other noncash payments. The vendor rounds only the final total after calculating all items, discounts, and taxes. Totals ending in 1, 2, 6, or 7 cents may be rounded down; totals ending in 3, 4, 8, or 9 cents may be rounded up. The vendor must apply any chosen formula uniformly to similarly situated purchases. Sales tax must still be reported and remitted under the applicable tax brackets, regardless of how the customer pays. The supplied text does not state an effective date or an end date for these rules.
No hearings or votes scheduled.