The Commonwealth of Virginia requires the collection of use taxes on certain products sold by Provident Metals and delivered to a Virginia address.
These taxes must be collected on (1) bullion products made of copper or palladium; (2) coins that are mediums of exchange if the sale price of a single sales transaction is less than $1,000; (3) numismatic coins if such coins cannot be used as mediums of exchange and if the sale price of a single sales transaction is less than $1,000; (4) any sale of gold, silver, or platinum bullion if the sale price of a single sales transaction is less than $1,000; (5) any sale of gold, silver or platinum bullion if such metals have not gone through a refining process; (6) accessory items; and (7) processed items. All other products sold by Provident Metals are exempt from these taxes.
The following definitions apply to products on which taxes must be collected in Virginia:
Use taxes in Virginia are calculated at checkout on the Provident Metals website based on (1) the taxability of products sold by Provident Metals in Virginia set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Virginia. Our use tax license number in Virginia is 461785757.
If you are a Virginia-based reseller and wish to file a Reseller Certificate with Provident Metals, please download the Virginia Certificate of Exemption form here. Once you have filled out this form, either email it to firstname.lastname@example.org; or mail it to Provident Metals Corp, 6125 Luther Lane, #465, Dallas, TX 75225. Once we receive your completed Reseller Certificate, we will enter it into our system, and you will not be charged use taxes on future orders as long as your Reseller Certificate remains valid and in force.
Please note: The above is not a comprehensive description of sales and use tax laws and requirements in the Commonwealth of Virginia. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in the Commonwealth of Virginia that relate to the reader’s transactions with Provident Metals. If you would like to research the sales and use tax laws and requirements in the Commonwealth of Virginia, we suggest you visit the Virginia Department of Taxation located at https://tax.virginia.gov/.