Who needs Arizona Form 5000?
It’s a well-known fact that some purchases are exempt from sale and use tax in many US states. If you made such a purchase, you have to fill out Transaction Privilege Tax Exemption Certificate and furnish it to the vendor. The vendor confirms the purchase is to be exempt from the tax and sends Arizona form 5000 to Arizona Department of Revenue.
What is Arizona Form 5000 for?
This form is an exemption certificate which documents the tax-exempt transactions. Initially, all purchases in Arizona state are considered taxable, until the vendor provides that the purchase is tax-exempt. That’s why the sellers require customers complete Arizona Form 5000. Among the common tax-exempt purchases are:
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Professional or personal services
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Personal property purchased for release
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Warranty or service contracts
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Prescription drugs, some medical equipment, insulin, hearing aids
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Media materials bought by Arizona libraries and made available for the public
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Internet access and cable service, custom computer software
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Conference fees
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Equipment and chemicals used in research
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Commercial lease
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Food for home consumption
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Professional membership dues
More tax-exempt purchases are listed in Arizona statutes.
Is Arizona Form 5000 accompanied by other documents?
Arizona Form 5000 should be supported by all the required documents if needed.
When is Arizona form 5000 due?
The purchaser chooses the dates of the certificate validity.
How do I fill out Arizona Form 5000?
While completing the AZ Tax Exempt form, the purchaser has to provide personal information (name, address and vendor’s name), choose the type of transaction (transaction with a business, transaction with Native Americans and their business, transactions with nonresidents), check the appropriate reason for exemption, sign, and date the document.
Where do I send Arizona Form 5000?
Once completed and signed by the purchaser, the document is sent to the seller. The seller files it with Arizona Department of Revenue.
