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

3 answers

• Krause CrawfordApr 13, 2022 · 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.
  366

  183
• herd ShepAug 15, 2021 · 4 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.
  423

  141
• SssstephanieeeeJun 30, 2022 · 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.
  441

  111