Minimum Sales Rate Tax for 2024
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| 0.00% | Column content | Column content | Column content | Column content | |
| 3.5% | Column content | Column content | Column content | Column content | |
| 1.00% | Column content | Column content | Column content | Column content | |
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| Scientific & Cultural Fac.(cd) | Column content | Column content | Column content | Column content | |
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| Minimum combined sales tax rate value | 8.5% | Column content | Column content | Column content | Column content |
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| Economic sales nexus threshold | $100,000 | Column content | Column content | Column content | Column content |
| Transactions threshold | 200 | Column content | Column content | Column content | Column content |
| Sales tax return filing due date | 20th day of the month following the reporting period. | Column content | Column content | Column content | Column content |
The base state sales tax rate in Georgia is 4%, but since the city-specific tax rate is 0%, Richmond Co Tsplost Tr rate is 1% and the Richmond County tax rate is 3.5%, the minimum sales tax rate for Augusta is 8.5%.
How to calculate your sales tax rate
Use our online sales tax calculator to determine the combined state and local sales tax rate for each location where you have a physical or economic nexus. Just enter your state and ZIP code to get your sales tax rate.
Looking for help calculating your sales tax? Contact us today to book a free consultation!
What is nexus?
In Augusta, businesses must understand “nexus” to determine their tax obligations. Nexus refers to the connection that requires a business to collect sales tax in a state. This concept became even more important after the U.S. Supreme Court’s decision in South Dakota v. Wayfair, Inc., which allowed states to require sales tax collection based on economic activity rather than just a physical presence.
Specific sales tax rules for Augusta
TSPLOST, short for Transportation Special Purpose Local Option Sales Tax, is a tax introduced in Atlanta to support transportation initiatives at both local and regional levels. It allows specific areas to levy an additional sales tax, with all revenue exclusively earmarked for transportation projects like road building, maintenance, upgrades to public transit, and other infrastructure improvements.
Georgia residents are taxed on their net income at rates ranging from 1% to 6%. For married individuals in the 6% bracket, they pay $340 plus 6% of taxable income over $10,000. The state corporate income tax is 5.75%, applying only to income earned within Georgia, and is transitioning to a sales-only tax system.
Local taxes include property taxes on real estate and tangible personal property, which are levied by the city, county, school district, and state. These properties are assessed at 40% of fair market value, with tax rates set locally each year. Augusta-Richmond County exempts up to 100% of inventory for qualified products under the local “Freeport” law.
Services
Usually not taxed, except for repair and maintenance, telecommunications, and certain digital services.
Goods
Most physical goods like appliances, cars, furniture, sports equipment, and electronics are taxable.
Clothing
Generally taxed, except during specific tax-free holidays.
Electronics
Taxable.
SaaS
Not subject to tax.
Digital Products
Taxable if the buyer gains permanent use rights and no ongoing payments are involved.
Software
Prewritten software is taxable, while custom-built software is tax-exempt
Freight/Shipping
Shipping costs are typically not taxed unless part of the sale price.
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