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North Dakota Precious Metals Tax Information
In North Dakota, there is no sales tax on bullion coins or bars with a precious metal purity of 0.999 or more. However, sales tax is applied to the following:
Taxable Products in North Dakota
- Precious metals with a purity lower than 0.999.
- Medallions, Rounds, or Items not classified as Legal Tender.
- Copper Products.
- Accessory Items (holders, tubes, coin flips).
- Processed Items.
The general sales tax rate in North Dakota is 5%, but certain regions may have additional taxes.
Additionally, keep in mind that the Federal Capital Gains Tax applies to profits from the sale of precious metals, with a maximum rate of 28%. The actual amount you pay depends on your personal income.
PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF NORTH DAKOTA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF NORTH DAKOTA THAT RELATE TO THE READER’S TRANSACTIONS WITH ITM TRADING. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF NORTH DAKOTA, WE SUGGEST YOU VISIT THE NORTH DAKOTA OFFICE OF STATE TAX COMMISSIONER LOCATED AT https://www.tax.nd.gov/.
