Wyoming Sales Tax

Wyoming sales tax is 4% on most goods and services. In addition, you may be required to pay a local sales tax on some purchases. The state sales tax is administered by the Department of Revenue. Depending on your volume, you may be required to file monthly, quarterly or annually. Sales and use taxes are collected at the point of sale and remitted to the state. Unless you are exempt from collecting sales and use tax, you must register with the state and comply with all applicable laws.

Traditionally, a seller had to have physical presence in a state before it was obligated to collect sales tax there. However, in June 2018, the Supreme Court overruled this rule, and now states can require that sellers register and collect sales tax based on their economic activity (also known as economic nexus).

Wyoming Business Registration

If you have a physical presence in Wyoming, you must register for sales tax. If you don’t, you must still collect and remit sales tax on taxable purchases made by Wyoming residents.

Once you’re registered, the Department of Revenue will assign you a filing frequency (monthly, quarterly, or annually). You’ll need to know your filing frequency in order to prepare and submit your return on time. If your due date falls on a weekend or holiday, the deadline moves to the next business day. Remember, failure to file and pay sales tax can lead to penalties and interest charges. So be sure to stay on top of your filings!

Wyoming Sales Tax Exemptions

Generally, only businesses with a physical presence in the state are required to collect and remit sales tax in Wyoming. However, there are some exceptions. For example, suppose your business has subsidiaries in Wyoming or you have a lot of affiliates in the state. In that case, you may have what’s called economic nexus. This means you are obligated to collect and pay sales tax in Wyoming if your total sales exceed $100,000 or 200 separate transactions per year.

List of Wyoming Sales Tax Exempt Items

Wyoming Sales Tax Due Dates

In Wyoming, sales tax filings are due by the last day of the month following the reporting period. Generally, if the due date falls on a weekend or holiday, it is adjusted to the next business day. Planning ahead and submitting returns on time is best to avoid late fines and interest charges.

• Monthly filers: Submit returns and tax by the last day of the month following the month in which the sales occurred.
• Quarterly filers: Submit returns and tax by January 31st, April 30th, July 31st, and October 31st of each year.
• Annual filers: Submit returns by January 31st of each year.

Retailers and vendors are obligated to file sales taxes in every state where they collect taxable sales. The state assigns each business a filing frequency, which is either monthly, quarterly or annually. Businesses that collect $150 or more in sales tax monthly are required to file monthly returns. Those that collect less than $150 monthly are required to file quarterly returns.