Minimum Sales Rate Tax for 2024
| 4.75% | Column content | Column content | Column content | Column content | |
| 0% | Column content | Column content | Column content | Column content | |
| 2.25% | 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 | 7% | 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 North Caroline is 4.75%, but since the city-specific tax rate is 0% and the Forsyth County tax rate is 2.25%, the minimum sales tax rate for Winston-Salem is 7%.
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 Winston-Salem, 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 Winston-Salem
A 2% local sales tax is applied to qualifying food purchases, but this tax does not extend to transit-related or other local taxes. This ensures that basic food items are taxed at a consistent rate, providing clarity for both consumers and businesses. Boats are subject to a 3% state sales tax, with a maximum tax limit of $1,500 per individual item, making it more affordable for high-value purchases. Meanwhile, antique spirituous liquors and other types of spirituous liquors, except mixed beverages, are taxed at a combined rate of 7%.
Services
Usually not taxable.
Goods
Items like appliances, vehicles, furniture, sporting goods, and electronics are taxable.
Clothing
Subject to sales tax.
Electronics
Taxable.
SaaS
Exempt from sales tax.
Digital Products
Taxable.
Software
Electronically delivered prewritten software is taxable.
Freight/Shipping
Taxable if included in the product’s sales price.
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