Mississippi sales tax codes and rates
Mississippi's state sales tax rate is 7%; county and city rates come on top and are not included. A Nefin company that sells into Mississippi gets 2 sales codes, each named after the line of the 72-010 it fills, so the return's figures add up as you invoice. Purchases you owe use tax on go under MS-72110-2a, and Nefin works out the use tax due.
Mississippi codes from the 72-010
Each code is “MS-” plus the line it fills on the 72-010. Rates are the state rate only; add local rates in Settings, VAT rates, where you collect them.
| Code | What it covers | Rate |
|---|---|---|
| MS-TaxableGross | MS taxable gross income 7% (72-010; line no. unconfirmed) | 7% |
| MS-Deductions | MS deductions: resale, out-of-state, exempt (72-010) | 0% |
| Code | What it covers | Rate |
|---|---|---|
| MS-72110-2a | MS taxable purchases, general use 7% (Use Tax Return 72-110 Line 2a) | 0% |
Mississippi in the tax books
Nefin’s sales tax book has one row per invoice and one column per 72-010 line; these are the Mississippi columns and the totals worked out from them.
Sales Tax Book
Mississippi - 72-010
- [MS-TaxableGross]Taxable gross income
- [MS-Deductions]Deductions
Totals Nefin calculates
- [MS-GrossIncome] Gross income or salesSum of the net amounts in [MS-TaxableGross] + [MS-Deductions]
- [MS-Tax] Tax 7% (line unconfirmed)Net amount × 7%, from [MS-TaxableGross]
Use Tax Book
Mississippi - 72-010
- [MS-72110-2a]Taxable purchases, tax code 75 (72-110 Line 2a)
Totals Nefin calculates
- [MS-72110-4a] Use tax 7% (72-110 Line 4a, before Line 5a credit)Net amount × 7%, from [MS-72110-2a]
Frequently asked questions
What is the Mississippi sales tax rate?
The state rate is 7%. Counties, cities and districts may add local rates, which vary by address and are not part of these codes.
Which Mississippi sales tax codes does Nefin set up?
2 sales codes from the 72-010, for example MS-TaxableGross (MS taxable gross income 7% (72-010; line no. unconfirmed)), MS-Deductions (MS deductions: resale, out-of-state, exempt (72-010)).
How does Nefin handle Mississippi use tax?
Book a purchase on which the vendor charged no Mississippi tax under MS-72110-2a (MS taxable purchases, general use 7% (Use Tax Return 72-110 Line 2a)). The bill stays at the price you paid, and the use tax book works out the tax you owe at 7%.
Are these Mississippi codes official?
They are a starting point. Each code follows a line of the 72-010, but check them against your return before you file, and edit them in Settings, VAT rates.