SalesTax Exact - TN is a customized software which allows you to prepare Sales and Use Tax and TV Programming and Telecommunication services returns in Form SLS-450 and SLS-458 to file with the Department of Revenue, Tennessee.

Sales and Use Tax in Tennessee is imposed on all retail sales, leases and rentals of taxable goods and services. Sales tax is levied at the following rates :

• Food and food ingredients - 6%
• Other tangible personal property (unless exempt) - 7%
• Single article tax on single article sold between $1600-3200 - 2.75%
• Local taxes at the rates set by the local government
• Some cities in the state levy local option tax in addition to the tax levied by the County.
• Some cities in the state are located in more than one county.
• Form SLS 450 is used to file sales and use tax return with the Tennessee Department of Revenue. The form is supported by Schedule A for Exemptions, Schedule B for calculation of local Sales and Use Tax and Schedule C for Industrial transactions.
• Form SLS 458 is used to file sales and use tax return with the Tennessee Department of Revenue for TV Programming and Telecommunication services rendered. The form is supported by Schedule A for Exemptions, Schedule B for calculation of local Sales and Use Tax and Schedule C for computation of State Single Article.
• If the returns are not filed in time, you have to pay penalty and interest for late filing of return.