Get NC Tax Return Prepared Food & Beverage Tax 2013

The 4.75% general sales rate tax plus local tax is charged on non-qualifying food which includes prepared foods and beverages in restaurants, dietary supplements, food sold through vending machines, bakery items sold with eating utensils, soft drinks, and candy.

Currently, food consumers pay the local 2% sales tax on most groceries, and the full 6.75% combined state/local rate on certain items including candy, soda, prepared foods * and dietary supplements. Food purchased with food stamps is exempt from both the state and local sales tax.

Services in North Carolina are generally not taxable, with important exceptions.

Traditional Goods or Services Prescription Medicine, groceries, and gasoline are all tax-exempt. Some services in North Carolina are subject to sales tax.

Beginning January 1, 2017, taxable repair, maintenance, and installation services are further expanded to include real property and digital property in addition to tangible personal property, and a person whose only business activity is providing repair, maintenance, and installation services (RMI) is considered a ...

Use taxes are due by businesses on tangible personal property and certain digital property purchased or leased inside or outside this State that is g p p y p stored, used, or consumed in North Carolina. ... The vendor is not obligated to charge N.C. sales tax if he does not have a physical presence in this state.

2019 List of North Carolina Local Sales Tax Rates. North Carolina has state sales tax of 4.75%, and allows local governments to collect a local option sales tax of up to 2.75%.

Tax Rate for Tax Year 2019. For tax year 2019, the individual income tax rate is 5.25%. To calculate your North Carolina tax liability, multiply your North Carolina taxable income by 5.25% (0.0525).

2019 List of North Carolina Local Sales Tax Rates. North Carolina has state sales tax of 4.75%, and allows local governments to collect a local option sales tax of up to 2.75%.

The North Carolina (NC) state sales tax rate is currently 4.75%. Depending on local municipalities, the total tax rate can be as high as 7.5%. County and local taxes in most areas bring the sales tax rate to 6.75% 7% in most counties but some can be as high as 7.5%.

Tax Rate for Tax Years 2017 and 2018. For tax years 2017 and 2018, the individual income tax rate is 5.499%. To calculate your North Carolina tax liability, multiply your North Carolina taxable income by 5.499% (0.05499).

North Carolina Sales of grocery items are exempt from North Carolina state sales tax, but still subject to local taxes at a uniform reduced rate of 2%. ... Tennessee grocery items and ingredients are taxable, but taxed at a reduced state rate of 4%. Groceries are fully taxable at local rates.

The North Carolina state legislature levies a 4.75 percent general sales tax on most retail sales within the state, including prepared foods and beverages in restaurants.

North Carolina Sales of grocery items are exempt from North Carolina state sales tax, but still subject to local taxes at a uniform reduced rate of 2%. ... Tennessee grocery items and ingredients are taxable, but taxed at a reduced state rate of 4%. Groceries are fully taxable at local rates.

The purchase of food for eventual resale in your restaurant is a tax-exempt purchase. Your supplier should not charge you sales tax on food used exclusively for resale. Sales taxes will only be due when you eventually sell food to patrons at your restaurant.