How much is sales tax in Charlotte, NC?

The sales tax rate in Charlotte, NC is 7.25%, consisting of a 4.75% North Carolina state sales tax, a 2% Mecklenburg County sales tax, and a 0.5% public transportation tax. The rate applies to most taxable goods and services, such as retail merchandise, such as electronics and clothing, and certain services, such as repairs, sold in Charlotte.

Businesses must collect from consumers at the time of sale the Charlotte, NC sales tax and remit it to the North Carolina Department of Revenue. A $200 purchase, for example, will include a $14.50 sales tax, and the consumer will pay $214.50. Some items, such as prescription medications and some unprepared foods, are exempt or taxed at 2% below.

Companies with a physical presence or economic nexus (more than $100,000 in sales annually) in the state of North Carolina must register to collect and remit Charlotte, NC sales tax, typically monthly or quarterly, in order to remain compliant.

Its correct collection and payment are imperative to avert any non-compliance and hindrance to business. ONE IBC USA assists businesses in fulfilling such requirements with ease in order to be a part of Charlotte's successful economy.