Accurately calculate roof-top accurate sales tax rates at scale in native cryptocurrencies to ensure sales tax compliance across tax jurisdictions and for a seamless customer experience.
Digital Impost is the only sales tax solution that automates sales tax compliance for Web3 businesses across 11,000+ jurisdictions. Stay compliant, monitor nexus, collect the right tax, and file on time with our easy-to-use platform.
Digital Impost is the first sales tax software built for the blockchain that is cryptocurrency native designed to serve Web3 businesses selling NFTs. We are pioneers in blockchain technology, tax research and advisory. We are committed to simplifying digital asset taxes for businesses of all sizes.
Foremost global experts in Web3, NFTs and digital assets.
Instantly calculate accurate sales tax at checkout for NFT sales using up-to-date rates and address validation.
Get detailed, up-to-date reports on NFT sales and sales tax collected or due by state and jurisdiction.
Save time and reduce errors by automatically submitting sales tax returns and remittance to each jurisdiction. Stay in compliance and save time while you sell your NFTs and scale your Web3 business.
Business is changing. Digital Impost is changing how Web3 businesses manage sales tax compliance. Our cloud-based platform automates the entire sales tax process across your sales channels and blockchains. From real-time sales tax calculations, nexus tracking to filing. Digital Impost has you covered whether you are a web3 business or NFT artist. With innovative technology designed by digital asset expert CPAs. We simplify sales tax so you can grow your business.
The Digital Impost platform automates sales tax compliance across more than 11,000 jurisdictions for Web3 businesses transacting on blockchains a ... Read More
With Digital Impost, it’s easy for Web3 businesses and Digital Asset businesses with multi-channel and multi-blockchain sales channels to expan ... Read More
We make it simple to get started with Digital Impost so you can focus on your business. Choose from a wide range of integrations with platforms a ... Read More
Robust reporting, seamless integrations, compliant across 11,000 jurisdictions, validated self-service solution with expert support from Digital ... Read More
Digital Impost offers a knowledgeable customer service team supported by Digital Asset CPAs and Tax Experts ready to help you achieve your busine ... Read More
Calculate accurate sales tax at check out in native cryptocurrencies using up-to- date sales tax rates.
Get detailed, real-time, state-by- state reports with city, county, and special district tax breakdowns with transaction level details linked to specific transaction hashes on the blockchain.
Save time, reduce errors and ensure compliance by automatically submitting returns and remittance to appropriate tax agencies.
As an NFT seller or artist or Web3 business, you may be wondering why you have to collect sales tax on your digital assets. The reason is simple: NFTs are considered digital goods by the majority of states in the US, and sales tax applies to digital goods just as it does to physical goods.
Several states, including Washington, Wisconsin, Pennsylvania, Minnesota, and Puerto Rico, have provided guidance stating that sales tax should be collected on NFT sales. It’s important to note that the list of states requiring NFT sales tax is constantly evolving, with new states joining the list each year. By collecting sales tax on your NFT sales, you ensure compliance with state and local tax laws, mitigating legal and financial risks that could arise from non-compliance.
Digital Impost, an NFT sales tax software, is specifically designed to simplify the tax collection process for NFT sellers and artists. By using our software, you can automate the sales tax calculation and collection, ensuring compliance and peace of mind.
If you’re an NFT seller, it’s crucial to understand which states impose sales tax on NFT sales. While sales tax laws can vary from state to state, currently, many states require NFT sellers to collect and remit sales tax on their transactions. Some of the states that impose NFT sales tax include Washington, Wisconsin, Pennsylvania, Minnesota, and Puerto Rico.
However, it’s important to stay up-to-date with sales tax requirements in the states where you sell, as the list of states requiring NFT sales tax can change over time. Digital Impost can help you manage and comply with sales tax requirements for NFT sales, ensuring that your tax compliance is taken care of while you focus on growing your business.
Sales tax on NFTs is typically collected from the customer at the point of sale. The frequency of filing and remitting sales tax varies by state. Some states require monthly filings, while others may require quarterly or yearly filings. It’s important to familiarize yourself with the specific filing and remittance requirements in the states where you have sales to ensure timely compliance.
When selling NFTs and collecting sales tax, it’s important to gather the necessary information from your customers. This typically includes the customer’s location (to determine the applicable sales tax rate and jurisdiction) and any exemption certificates, if applicable. Digital Impost’s software can assist you in collecting and organizing this information, making the process seamless and efficient.
Marketplace facilitator responsibilities for NFT sales tax can vary by state, as each state has its own sales tax laws. In most cases, marketplace facilitators are required to collect and remit sales tax on behalf of their sellers. However, the specifics can vary from state to state.
Some states require marketplace facilitators to collect and remit sales tax on all sales made through the marketplace, while others may have criteria such as a certain level of sales or presence in the state. It’s important for sellers to be aware of the sales tax laws in the states where they have sales and ensure compliance with those laws.
Digital Impost recommends consulting with a tax professional or lawyer to understand your obligations when it comes to sales tax and marketplace facilitator laws. It’s crucial to stay informed about any changes in these laws to ensure ongoing compliance.
