Learn more about keeping your business compliant with sales tax requirements.
In Wyoming a tax is imposed on the following sales:
Leases. In Wyoming the sales tax is imposed on the gross rental paid for a lease or contract of tangible personal property if the transfer of possession would be taxable if a sale occurred.
Sales and use tax rate. The Wyoming sales and use tax rate is currently 4 percent (except for a 3 percent tax on farm implements). In addition, make sure you contact your local governments in Wyoming because they are allowed to assess a local sales and use tax.
In Wyoming although the sales tax is paid by the purchaser, sellers are required to collect the tax and are liable for the entire amount. However, the sales tax must be paid to the Department of Revenue by the purchaser unless the purchaser paid the taxes to a vendor.
Absorbing sales tax is illegal. In Wyoming, it is against the law to refund or offer to refund all or any part of the amount collected, or to absorb the amount of sales tax required to be added to the sales price and collected from the purchaser. As a seller, it is also against the law for you to advertise directly or indirectly that you will absorb the sales tax that is required to be added to the sales price.
In Wyoming every vendor must obtain from the Department of Revenue a sales tax license for each place of business. A new vendor must pay a $60 license fee.
Wyoming has many specific items that are exempt from sales tax — for example, certain prescription medications are exempt from Wyoming sales tax. You'll want to check and see if you are exempt from the sales tax.
Tax exemption certificates. An exemption certificate may be issued by a purchaser of a nontaxable item. The exemption certificate may be based on the type of transaction (such as a resale exemption) or on the item itself.
In Wyoming the sale of tangible personal property or services for resale or the resale of tangible personal property in connection with the performance of taxable services, is not subject to sales and use tax.
In Wyoming you must provide the seller a certificate of purchase for resale on all purchases for resale. Sample resale certificates are available from the Wyoming Department of Revenue. Resale certificates normally include the following information:
Sellers may accept blanket certificates from you as a purchaser if you repeatedly purchase the same type of property or service for processing or resale. However, blanket certificates may not be used to purchase property or services not covered by a blanket certificate. In Wyoming the resale certificates don't have an expiration period so it is up to you and the seller to agree on the period of validity. If a seller has not accepted a blanket certificate in good faith, liability for the tax does not shift from the seller to the purchaser.
Wyoming has no statute that specifically taxes out-of-state mail order and catalogue sellers. You will be responsible for paying this tax only if you have physical presence within Wyoming. To determine if you have physical presence, ask yourself the following:
The bracket system may be followed by sellers in computing the sales tax. The 4 percent tax is computed on each dollar and/or fraction of a dollar according to the following table:
|Amount of Sale||Tax|
|$0.01 to $0.24||no tax|
|0.25 to 0.37||$0.01|
|0.38 to 0.62||0.02|
|0.63 to 0.87||0.03|
|0.88 to 1.12||0.04|
|and so forth|
Property brought into Wyoming on which a sales or use tax has been paid in another state equal to or in excess of the Wyoming tax is not subject to tax in Wyoming.
In Wyoming the use tax is payable by the purchaser, but collected by the vendor. The person actually storing, using or consuming tangible personal property is liable for the use tax.
A taxpayer's application for a refund or credit of overpaid sales or use taxes must be made within three years from the date of overpayment.