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How does the Missouri sales tax apply to coins used in digital currency transactions?

avatarPankaj GoswamiDec 27, 2021 · 3 years ago3 answers

Can you explain how the sales tax in Missouri is applied to coins used in digital currency transactions? I'm curious about whether or not digital currency transactions are subject to sales tax in the state of Missouri.

How does the Missouri sales tax apply to coins used in digital currency transactions?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    In Missouri, the sales tax is not applicable to coins used in digital currency transactions. The state considers digital currencies as intangible assets, and therefore, they are not subject to sales tax. This means that when you use digital currency to purchase goods or services in Missouri, you won't have to pay any additional sales tax on top of the transaction.
  • avatarDec 27, 2021 · 3 years ago
    When it comes to digital currency transactions in Missouri, the sales tax does not apply to the coins being used. The state recognizes digital currencies as intangible assets, similar to stocks or bonds, and therefore, they are not subject to sales tax. This is great news for digital currency users in Missouri, as it means they can freely use their coins for transactions without worrying about any additional tax burden.
  • avatarDec 27, 2021 · 3 years ago
    Digital currency transactions in Missouri are not subject to sales tax. The state considers digital currencies as intangible assets, which are exempt from sales tax. This means that when you use your coins to make purchases in Missouri, you won't have to pay any sales tax on those transactions. It's important to note that this exemption only applies to the coins themselves and not to any goods or services that you may purchase with them.