Under the terms of the lease, a lessee is reimbursing Peac Solutions for property taxes paid on the lessee’s behalf. Many states consider this reimbursement as a taxable gross receipt for sales tax purposes. In these instances, Peac Solutions is required to collect and remit sales tax on this taxable gross receipt.
PEAC Solutions continues to expand our global footprint and cement the creation of a seamless multi-national entity.
We specialize in originating and servicing high-volume, small-ticket leases and loans with a variety of end users, as well providing innovative finance solutions to equipment manufacturers, distributors, dealers and vendors. From coast to coast and across the pond, PEAC is here for your business.
