Oklahoma Precious Metals Tax Information
Oklahoma exempts qualifying precious metals bullion from sales tax, including gold, silver, platinum, and palladium products valued primarily for their metal content.
Taxable Products in Oklahoma
- All copper products.
- Accessories and supplies. Such as holders, tubes, capsules, coin flips, and similar items
- Processed or altered items. Meaning products modified beyond their original bullion form, including colorized coins, plated coins, and specialty finishes
Exemptions:
- Qualifying precious metals bullion products. Including gold, silver, platinum, and palladium products valued primarily for their metal content
Tax Rates:
Qualifying precious metals bullion products are exempt from sales tax in Oklahoma. Sales tax may apply to the taxable products listed above.
PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF OKLAHOMA. 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 OKLAHOMA 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 OKLAHOMA, WE SUGGEST YOU VISIT THE OKLAHOMA TAX AUTHORITY LOCATED AT https://oklahoma.gov/tax.html.
