Minnesota
Sales taxes in Minnesota are calculated at checkout on the website based on (1) the taxability of products sold by the company in Minnesota, and (2) the specific tax rate established by the taxing jurisdiction of the delivery address in Minnesota.
Minnesota does not require the collection of taxes on the following products sold by the company and delivered to a Minnesota address:
-
- Refined bullion products that consist of 99.9% or more by weight of either gold, silver, platinum, or palladium and are marked with weight, purity, and content (excluding jewelry).
All other products sold are subject to sales taxes in Minnesota.
The State of Minnesota also requires the collection of the Minnesota Retail Delivery Fee on each order over $100 that has sales taxes, and where such order is delivered to a Minnesota address by motor vehicle. The Minnesota Delivery Fee became effective on October 1, 2024, and is currently $0.50.
The company began collecting sales taxes in Minnesota on October 18, 2022. Our tax license number in Minnesota is 8450705.
If you are a Minnesota-based reseller and wish to file a Reseller Certificate with the company, please download the Minnesota Reseller Certificate form here. Once you have completed this form, either email it to customerservice@BGASC.com; or mail it to Buy Gold and Silver Corp, 6125 Luther Lane #474, Dallas, TX 75225. Once we receive your completed Reseller Certificate, we will enter it into our system, and you will not be charged taxes on future orders as long as your Reseller Certificate remains valid and in force.
Please note: The above does not constitute tax or legal advice. It is only intended to provide the reader with a brief overview of tax laws and requirements currently in effect in Minnesota that relate to the reader’s transactions with the company If you would like more information, we suggest you visit the Minnesota website located at: HTTPS://WWW.REVENUE.STATE.MN.US/.