Skip to content

Free max-buy calculator for watch dealers — no signup needed. Open it

Watch Trading ToolkitWatch Trading Toolkit

Sales tax permit

Also called seller's permit, sales and use tax permit, TPT license

A sales tax permit is the state registration that lets a business collect and remit sales tax on its taxable sales. States use different names: Texas issues a Sales and Use Tax Permit,[1] and Arizona requires a Transaction Privilege Tax license.[2]

For a watch dealer selling to the public, it's usually one of the first registrations to get, before making taxable sales.

Each state guide covers the permit, how to apply, and what it costs.

Permit requirements apply state by state, so a dealer selling into several states may need registrations beyond the one where the business is based.

Related terms

Read more

Compliance guideWatch dealing in Texas: licensing, records, and taxCompliance guideWatch dealing in Arizona: licensing, records, and tax

Where this comes up

Pages on this site that use the term.

Learn the trade, not just the word

Plain-English guides to buying, pricing and selling watches as a business. Free, and written to be used at the counter.

Add it if you'd like a call from our team about this or WristBook. We won't text you, and we never share it.

A few emails a month, including a few short follow-ups and WristBook, the dealer software our team makes. Unsubscribe anytime. Privacy

Sources

  1. Texas Comptroller — Sales and Use Tax permit (no fee to apply) — retrieved 2026-09-21
  2. Arizona Department of Revenue - Transaction Privilege Tax (TPT) License. A business selling a product or engaging in a taxable activity in Arizona must obtain a TPT licence from the Department of Revenue before making taxable retail sales; the licence is also the vehicle for reporting and remitting city privilege tax. THE COST FOR EACH LICENCE PER LOCATION IS $12.00; and where ownership is the same; locations can be consolidated under one licence number so the taxpayer files a single return. For special events the STATE LICENCE FEE REMAINS $12 no matter how many special events a vendor attends; but A SEPARATE CITY LICENCE FEE IS REQUIRED for each city in which the vendor operates. Licences are not delivered until all licence and renewal fees are paid in full; and certificates cannot be printed online. The TPT licence number is eight digits — retrieved 2026-09-23