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NEW YORK STATE SALES TAX INFORMATION
PLEASE READ CAREFULLY!!!

 

YES ITS TRUE! THE ONLY THING CERTAIN IN LIFE ARE DEATH AND TAXES!

We have prepared this section of our site for our New York State clients to ease the process of understanding New York State Sales Tax requirements and regulations. We have tried to make this section as simple as possible to avoid any confusion. If you have any questions regarding any of this information please feel free to contact us and/or the New York State Department of Taxation and Finance.  Please note that we have provided links intermittently on this page imbedded within the paragraphs, questions and answers and we have included a glossary towards the end for your convenience. The links and glossary expand upon the information provided in the paragraphs for greater understanding and clarification. Please note that a considerable portion of the below information is available on the New York State's Tax Website. We have summarized the  information as it applies to our clients in New York and the United States.

 

FREQUENTLY ASKED SALES TAX QUESTIONS

 

DO I NEED TO INCLUDE SALES TAX WITH MY PURCHASE?

If you are a resident of New York State and/or your purchase will be shipped to a New York State address, you MUST include Sales Tax with your purchase UNLESS you are a New York State "Registered Vendor" with a "Certificate of Authority." This is a New York State tax requirement! If you are a Registered Vendor you MAY be exempt from paying Sales Tax.

For all other purchasers that are neither purchasing in New York nor having packages shipped to New York addresses, you are EXEMPT from New York Sales tax. You may have to pay local "Use" taxes in your particular jurisdictions; however, we DO NOT collect such taxes at this time as they are not a legal requirement.

WHAT IS THE NEW YORK SALES TAX RATE?

The New York "Sales Tax Rate" is actually composed of the New York State Sales Tax Rate, a variable Local Sales Tax Rate and a State imposed Sales Tax Rate. The New York State sales tax rate is 4%. Local rates vary, but are generally 3% to 4%. In addition, a State-imposed .375% tax applies in the Metropolitan Commuter Transportation District (MCTD). As a general rule we will tax all New York sales at the rate of 8.875% (This is the new Sales Tax Rate as of August 2009) as this is the prevailing rate in the locality from which we will be shipping in New York; however, if your jurisdictional rate differs from ours and you email us to that effect we will be more than happy to revise the rate accordingly.

PLEASE NOTE: As of July 14, 2008 we will calculate Sales Tax according to your jurisdictional rate. To calculate the Sales Tax Rate for your jurisdiction please use the NYS tool on Sales Tax Rate Jurisdiction and Rate Lookup.

For particular rate information, see Publication 718, New York State Sales and Use Tax - Rates by Jurisdiction, and Publication 718A, Enactment and Effective Dates of Sales and Use Tax Rates.

DO I HAVE TO PAY SALES TAX ON SHIPPING AND INSURANCE CHARGES?

Yes! You have to pay Sales Tax on Shipping and/or Delivery and Insurance charges. This is a New York Sales Tax REQUIREMENT and you can find the particular information on this subject HERE.

I'M A NYS REGISTERED VENDOR! AM I ELIGIBLE FOR SALES TAX EXEMPTION?

It is important to note that not everyone who is a New York State Registered Vendor qualifies for Tax Exempt status. For example, if you are a Registered Vendor for selling jewelry and you want to purchase a car and do not want to pay the Sales Tax associated with the purchase of a car you can NOT give in an "Exemption Certificate" in the attempt to evade paying Sales Tax. Vendors can use a resale certificate (also known as an Exemption Certificate and a Sales Tax Resale Certificate) when purchasing property for resale in its present form (or as a physical component part of other property held for sale); when purchasing property for use in performing taxable services in which the vendor transfers the property to the customer;  and/or when purchasing taxable services for resale or taxable services that become part of property for resale.

I'M AN ELIGIBLE NYS REGISTERED VENDOR SO WHAT DO I DO?

If you are a New York State Registered Vendor with a valid Certificate of Authority kindly fill out an ST-120 Form (you need Adobe Acrobat to access this link) and fax it to us, along with a copy of the invoice that we emailed to you, at: (641) 587-6289. Upon receipt of your fax we will adjust your total to reflect you tax exempt status and email you an updated invoice. If you plan on purchasing from us regularly it is STRONGLY recommended that you make the Certificate a "Blanket Certificate." This is the preferable certificate as a "Single Certificate" will only be valid for 1 purchase and you must fax us an additional Certificate for every order placed down the road if we do not have a Blanket Certificate on file for you.

DO WE HAVE A "CERTIFICATE OF AUTHORITY" TO COLLECT SALES TAX?

Yes! We are "Registered Vendors" in New York State and we do have a "Certificate of Authority" to collect sales tax in New York State.

DO WE HAVE A NEW YORK SALES TAX ID NUMBER?

Yes! We do have a New York Sales Tax ID Number. Our New York Sales Tax ID is: TF2140373.

 

GLOSSARY

 

Blanket Certificate - an "Exemption Certificate" that covers multiple purchases of the same general type of property or service (Rough & Cut Gemstones in this particular case).

Certificate of Authority - authorizes a business to collect sales tax on taxable sales and to issue and accept New York State sales tax exemption certificates.

Exemption Certificate - a form filled out by a purchaser and given to the seller, so that the seller has a record of why sales tax was not required to be collected on the sale to which the certificate relates (also see "Resale Certificate").

Registered Vendor - a business that has a valid Certificate of Authority for the State of New York.

Resale Certificate -  Vendors use resale certificates to purchase property or services which they intend to resell (for example, Rough Gemstone inventory for a Rough retailer). Vendors may use Form ST-120, Resale Certificate, for single purchases or as a blanket certificate.

Sales Tax Rate -  the rate to be charged is the total of the New York State tax rate in effect in the jurisdiction where delivery takes place plus the local rate in effect in that jurisdiction, plus the MCTD 3/8% rate.

Please be advised that this site is updated regularly. Should you have any question or comments about this site please feel free to email us at Support@MineDirect.Com.

INTIMATE GEMS

PO BOX 310668 

JAMAICA, NEW YORK 11431

Phone Number: (718) 658-0792

Email: Sales@MineDirect.Com

Copyright 2000-2003 by Intimate Gems. All rights reserved.
Last Updated: 08/24/2009 11:11:32 AM