SalesTax Exact - OK is a customized software which allows you to prepare 'State and Local Sales Tax', 'Use Tax-Consumer', 'Use Tax-Vendor', 'Business Tax', 'Motor Fuel' and 'Cigarette Tax Return' to file with the Department of Revenue, Oklahoma.

Sales and Use Tax in Oklahoma is levied upon gross receipts derived from all sales. Sales and Use Tax is levied at the following rates:

• The Oklahoma sales and use tax rate - 4.5%
• Oklahoma has many specific items that are exempt from Sales Tax - for example, certain prescription medications.
• In Oklahoma, the Sales Tax is imposed on the Consumer or User and must be paid to Vendor.
• An excise (use) tax is imposed on the storage, use, or other consumption in Oklahoma of tangible personal property purchased or brought into Oklahoma.
• In Oklahoma, Vendors must obtain a permit that is valid for three years for each place of business.
• In Oklahoma, the lease or rental of tangible personal property resulting in the transfer of the title to or possession of the property is subject to the Sales and Use Tax.
• If the returns are not filed in time, you have to pay penalty and interest for late filing of return.