Welcome to our handy guide on Wyoming sales tax. We'll walk you through everything you need to know, from the specific sales tax rates in different counties and cities across Wyoming to answering some of the most common questions. Plus, we'll guide you on how to efficiently collect and file your sales tax in Wyoming.
Sales Tax Rate
Click-Through NexusWyoming doesn't have click-through nexus laws yet. You establish nexus either through economic or affiliate nexus, like hitting over $100,000 in sales or having an affiliate in the state. Stay tuned, though, as laws can change.
Renting live animals in Wyoming is taxable, a nod to the state's ranching culture.
How to Get Your Wyoming Sales Tax Permit
Cost of Registering for a Wyoming Sales Tax LicenseGood news! Getting your Wyoming Sales Tax License is free, like the wild mustangs roaming Wyoming's landscapes.
Federal Tax ID for Wyoming Sales Tax LicenseDefinitely. Your EIN is as essential as a lasso on a ranch. Sole proprietors can use their Social Security Number instead.
Other Wyoming Registrations to Consider
Is Wyoming an Origin or Destination Sales Tax State?Wyoming uses a "destination-based" sales tax approach. This means you charge sales tax based on where your customer is located, not where you are. So, if you're shipping a product, the tax rate depends on your customer’s location.
What Sales are Subject to Sales Tax in Wyoming?Sales tax in Wyoming covers a lot. Basically, you're looking at sales tax on the sale, lease, or rental of tangible items and certain services. This ranges from furniture and electronics to hotel stays and some labor services.
Is Software as a Service (SaaS) Taxed in Wyoming?Wyoming generally doesn't tax Software-as-a-Service (SaaS). The rule here is simple: if there’s no physical product involved, like a CD or disk drive, it's usually not taxed. To get the nitty-gritty on Wyoming's take on sales tax for Software-as-a-Service, Platform-as-a-Service, and Infrastructure-as-a-Service, check out the Wyoming Computer Sales Services Industry Publication. It's a great resource for understanding these specific tax rules.
What is Exempt from Wyomingne Sales Tax?In Wyoming, certain things escape sales tax. This includes some groceries, prescription drugs, medical equipment, and raw materials for manufacturing. Sales to nonprofits, schools, and government entities often skip the tax too.
Who is Eligible for Wyoming Sales Tax Exemptions?Sales tax exemptions in Wyoming are typically for specific groups. Nonprofits, schools, governments, and businesses buying for resale often qualify.
What To Do If Your Customer is Exempt from Sales Tax in Wyoming?Got a customer who's exempt from sales tax? You'll need to collect a completed exemption certificate from them. Keep this filed away as proof for any tax-exempt transactions.
What if You Lose a Wyoming Sales Tax Exemption Certificate?If you lose an exemption certificate, it's like losing your hat at a busy event. Best to avoid it, but if it happens, ask your customer for a replacement and keep it on file. This helps you stay prepared for any audits.
Wyoming exempts sales tax on groceries, but not on prepared food, keeping basic sustenance relatively tax-friendly.
What If a Filing Date Falls on a Weekend or Holiday?No worries if the filing date lands on a weekend or holiday. The due date simply moves to the next business day. So, you can relax and enjoy your time off.
How to File a Wyoming Sales Tax Return
Penalties for Late Filing in WyomingMissing a filing? You could face a $25 penalty or 10% of the due tax, whichever's more, plus 1% interest per month on the unpaid amount.
Sales Tax Incentives in WyomingWyoming offers incentives, like a welcome rest spot on a long ride. These are to boost economic growth and include exemptions on manufacturing equipment, agricultural machinery, and energy production tools.
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