Who pays the taxes?

Who pays the taxes?

In most cases, LibDib pays state excise tax to the applicable state. However, Makers should account for the taxes line item when determining product pricing. LibDib’s responsibility for submitting the tax does not mean that cost is excluded from the Maker’s pricing calculation. LibDib will pass the cost through to the Maker via an increase in the Buyer price. 

Taxes vary by state and product type, including whether the product is beer, wine or spirits. Use the LibDib Pricing Calculator to account for applicable taxes, fees and other costs when setting your pricing.

State excise tax responsibilities are outlined below:

• California: In-state wineries are responsible for paying California excise tax.
• Colorado: The Maker pays Colorado excise tax at the point of import or manufacturing.
• Connecticut: LibDib pays state excise tax.
• Florida: LibDib pays state excise tax.
• Illinois: LibDib pays state excise tax.
• New Jersey: LibDib pays state excise tax.
• New York: LibDib pays state excise tax.
• Wisconsin: All Makers are responsible for paying state excise tax.

Before finalizing your pricing, use the LibDib pricing calculator for each product and market to help ensure your price covers all applicable costs.