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Massachusetts Precious Metals Tax Information
The general sales tax rate in Massachusetts is 6.25%, but local taxes may apply..
Taxable Products in Massachusetts
Purchases under $1,000:
- Copper Products.
- Platinum Bullion Products.
- Palladium Bullion Products.
- Processed Items (jewelry, statues, colorized coins).
- Accessory Items (holders, tubes, coin flips).
- South African or Namibian Coins (e.g., Krugerrands).
- Fabricated precious metals for industrial, professional, or artistic use.
Exemptions:
Purchases of $1,000 or more of the following:
- Rare Coins of Numismatic Value.
- Gold or Silver Bullion or Coins.
- Gold or silver tender of any nation traded and sold based on its precious metal value.
PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF MASSACHUSETTS. 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 MASSACHUSETTS 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 MASSACHUSETTS, WE SUGGEST YOU VISIT THE MASSACHUSETTS DEPARTMENT OF REVENUE LOCATED AT https://www.mass.gov/orgs/massachusetts-department-of-revenue.
