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Washington D.C. Precious Metals Tax Information
The District of Columbia does impose sales taxes on precious metals. There are no specific exemptions for precious metals like gold or silver, so they are subject to the standard sales tax rate of 5.75% in Washington, D.C.
This means that if you purchase precious metals from a retailer located within the District of Columbia, you will be charged sales tax on the transaction. However, some online retailers located outside of D.C. may not charge sales tax to D.C. residents.
PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE DISTRICT OF COLUMBIA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE DISTRICT OF COLUMBIA THAT RELATE TO THE READER’S TRANSACTIONS WITH ITM TRADING. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE DISTRICT OF COLUMBIA, WE SUGGEST YOU VISIT THE DISTRICT OF COLUMBIA OFFICE OF TAX AND REVENUE LOCATED AT https://otr.cfo.dc.gov/.
