Sales Tax Law:
New Mexico does not have a sales tax. Instead, it has a “gross receipts tax.” This is a tax levied on the business rather than the consumer, like in most states. However, the business often passes the tax onto the consumer by adding it to the selling price. The rate of this tax varies from 5.125% to 8.8675% depending on where the business is located within the state.
The state of New Mexico requires NPMEX to collect sales taxes on all products sold by NPMEX and delivered to a New Mexico address.
Sales taxes in New Mexico are calculated at checkout on the NPMEX website based on (1) the taxability of products sold by NPMEX in New Mexico set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in New Mexico.
Capital Gains Tax:
Gold and silver are subject to capital gains taxation when exchanged for Federal Reserve notes or when used in barter transactions.
Please Note: The above is not a comprehensive description of sales tax laws and requirements in the state of New Mexico. 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 New Mexico that relate to the reader’s transactions with NPMEX. If you would like to research the sales tax laws and requirements in the state of New Mexico, we suggest you visit the New Mexico department of revenue located at http://www.tax.newmexico.gov/.
Buying Gold and Silver in New Mexico. Buying precious metals from online dealer NPMEX has some major advantages. Though NPMEX is physically located in Erie Colorado, we ship all over the United States, every day.
NPMEX offers a huge selection of coin and bullion products for New Mexico residents to choose from. Buyers can shop by metal type or by form such as coin, round or bar. In addition to potential cost savings, shopping online at NPMEX is convenient and can be done from the comfort of your own home or office. Simply pick the coin or bullion products you want to buy, complete the simple checkout process, and your metals will be quickly shipped to your home or other destination of choice. Your precious metals purchases are fully insured and tracked while in transit.
Benefits to buying gold & silver online at NPMEX.com:
- Gold and silver shipped directly to your door
- Lower prices than most physical coin stores
- Wide selection
- 24/7 online ordering 365 days a year
- Friendly & knowledgeable customer service
Because online precious metals dealer NPMEX may have lower overhead than brick and mortar coin shops, we are able to pass savings on to our customers. NPMEX offers some of the lowest prices available for precious metals.
NPMEX is proud to serve the residents of New Mexico and offers a great value and buying experience.