What is the sales tax rate in Wyoming?
In Wyoming, the statewide base sales tax rate is 4.0%. However, counties can impose additional local sales taxes, which can bring the total sales tax rate up to 6.0% in some areas.
As local tax rates may apply to specific jurisdictions within the county or to the entire county, it’s crucial for businesses to consider both state and local rates when calculating sales tax in Wyoming. This combined rate will apply to the taxable sales of goods and certain services.
When should your business collect Sales Tax in Wyoming?
If you have a physical presence (nexus) in Wyoming or meet the economic nexus thresholds, your business is required to collect sales tax from customers in the state.
The physical presence can be a brick-and-mortar store, an office, or a warehouse. Representatives, agents, or employees conducting business in Wyoming also create a physical nexus.
The economic nexus thresholds are based on your sales revenue or the number of transactions in the state.
Wyoming Physical Sales Tax Nexus
A physical nexus in Wyoming triggers sales tax collection obligations. Businesses with a physical presence in the state must collect and remit sales tax on their taxable sales.
Sales Tax Physical Nexus checklist for Wyoming
- A permanent or temporary office or other business facility
- Warehouses or storage spaces
- Representatives, agents, or employees conducting business
- Ownership or leasing of property
- Attending trade shows, fairs, or similar events
- Delivery of goods using company vehicles
If your business meets any of these criteria, you have a physical nexus in Wyoming.
Wyoming Economic Nexus Threshold: Revenue, Thresholds and Transactions
Wyoming implemented economic nexus rules following the South Dakota v. Wayfair decision. If you don’t have a physical presence in the state but meet the economic nexus thresholds, you’re still required to collect sales tax.
In Wyoming, the economic nexus thresholds are more than $100,000 in sales revenue from goods or services or over 200 separate transactions.
If your business meets or exceeds either of these thresholds in the current or previous calendar year, you have an economic nexus in Wyoming.
Which services are taxable in Wyoming?
In Wyoming, sales tax applies to the sale of tangible personal property, certain services, and digital goods. The state differentiates between taxable and exempt services.
List of selected taxable services in Wyoming:
- Accommodation services
- Rental of tangible personal property
- Food and beverage services
- Telecommunication services
- Admissions to entertainment or recreational events
- Internet access services
Keep in mind that this is not an exhaustive list, and other specific services may be subject to sales tax.
Wyoming Sales Tax on Products: How to Calculate What Your Business Should be Charging
To calculate sales tax in Wyoming, consider the base state rate of 4.0%, plus any local taxes. Multiply the combined rate by the total price of taxable goods or services.
For example, if you’re selling a product for $100 in a county with a local tax rate of 1.0%, the total tax would be $5 ($100 x 5.0%). You would charge the customer $105, including the tax.
Always remember to verify local rates, as they may change.
How much is Wyoming clothing tax?
In Wyoming, clothing is considered tangible personal property and is subject to the state sales tax rate of 4.0%, plus any local taxes.
Wyoming Online Sales Tax: Are SaaS and Digital Services Taxable?
Wyoming taxes a wide array of digital goods and services, and as the digital landscape evolves, it’s vital for sellers to confirm the taxability of their products with the Wyoming Department of Revenue.
SaaS Sales Tax Wyoming: Does my Business Need to Charge Sales Tax for SaaS in Wyoming?
No, not yet. Right now, the state has not yet introduced Wyoming SaaS Sales Tax But as mentioned before, the rapidly evolving landscape may introduce new online sales tax laws while you’re not paying attention.
How can a business get a sales tax permit in Wyoming?
To collect sales tax in Wyoming, businesses must obtain a sales tax permit from the Wyoming Department of Revenue. Here’s how:
- Visit the Wyoming Internet Filing System for Business (WYIFS) website.
- Create an account.
- Complete the application form, providing details about your business.
- Submit the application.
Once approved, you’ll receive your sales tax permit and can start collecting sales tax.
Collecting Sales Tax in Wyoming as a Business
When you have a sales tax permit in Wyoming, you’re responsible for collecting the appropriate sales tax on taxable goods and services. Keep accurate records of sales and taxes collected.
Wyoming Tax Return Due Dates Explained
Wyoming requires businesses to file sales tax returns regularly, with due dates based on your filing frequency. Generally, the due dates are:
Monthly filers: 15th of the following month.
Quarterly filers: 15th of the month after the quarter ends.
Annual filers: January 31st of the following year.
What is the required frequency for sales tax returns in Wyoming?
Your filing frequency depends on the amount of sales tax you collect. The Wyoming Department of Revenue will assign your frequency:
Monthly: Over $150 in monthly tax.
Quarterly: $50-$150 in monthly tax.
Annually: Less than $50 in monthly tax.
