Understanding Sales Tax and Resale Certificates in Wyoming
Understanding Sales Tax in Wyoming
This article addresses whether customers are charged sales tax in the state of Wyoming and provides relevant information regarding resale certificates.
Sales Tax in Wyoming
In Wyoming, customers are generally subject to sales tax on the purchase of tangible personal property. This tax is collected by the seller at the point of sale and is remitted to the state.
Resale Certificates
If a business intends to purchase goods for resale without paying sales tax, it must obtain a resale certificate. This certificate allows businesses to buy items tax-free that they plan to resell to customers.
Key Points about Resale Certificates:
- Eligibility: Businesses that sell tangible personal property typically need a resale certificate.
- Registration: To obtain a resale certificate, businesses must register with the Wyoming Department of Revenue. You must provide a business address, which can be either domestic or international. It cannot be a Registered Agent address.
- Requirements: You must meet the economic nexus, which is $100,000 in gross annual sales in Wyoming. This excludes sales from platforms like Amazon or Shopify since taxes are handled on their end. Sales must be made directly to Wyoming consumers via online or physical stores.
Conclusion
In summary, customers in Wyoming are generally charged sales tax on purchases unless they have a resale certificate for items intended for resale. Businesses should ensure they are registered with the Wyoming Department of Revenue to obtain the necessary certificates for tax-exempt purchases. Customers must meet an economic nexus requirement to obtain a Sales Tax Certificate.