If your limited liability company (LLC) sells physical products or certain types of services, you will need to collect and pay sales tax. In Wyoming, the first step is visiting the Department of Revenue website and registering for sales tax in order to acquire a seller’s permit, or sales tax permit.
What Products and Services Are Subject to Sales Tax in Wyoming?
All personal property is subject to sales tax in Wyoming, as are utilities, lodging, and admissions to certain events and amusement parks. Any services to alter or repair personal property are also taxable. Prescription medicine, gasoline, and groceries are all tax-exempt.
Wyoming Sales Tax Rate
The sales tax rate in Wyoming is 4%.
Five states have no sales tax. Colorado has the lowest sales tax at 2.9%, while California has the highest at 7.25%.
How to Register for Wyoming Sales Tax
In Wyoming, acquire a seller’s permit by following the revenue department’s detailed instructions for registration:
- Create an account on Wyoming’s online business services website
- Fill out the Sales/Use tax license application
- Pay the $60 application fee
Use our Sales Tax Calculator to calculate taxes and total purchase amount.
In Wyoming, and across the country, collecting sales tax is a must if you want to avoid potentially heavy fines and even closure. It’s crucial that you follow your state’s laws, and you might consider consulting with an accountant or tax attorney to make sure you’re in full compliance.