Wyoming Sales Tax Guide 2024: Compliance, Rates, and Regulations for Businesses

Sales tax at a glance

‍

Wyoming sales tax rates & calculations in 2023

The Wyoming sales tax rate in 2023 is 4-6%. This comprises a base rate of 4% plus a mandatory local rate of up to 2%. Depending on the local sales tax jurisdiction, the total tax rate can be as high as 6%.

List of local sales tax rates in Wyoming

The official website of Wyoming shares the full sales tax rates table. Here’s a snippet of the same:

‍

Recent tax rate changes in Wyoming

Wyoming's statewide sales tax rate and policies have remained the same. The state tax rate has remained at 4% since 1937.

FAQs

How do you calculate Wyoming sales tax?

To calculate Wyoming sales tax, you can use the following formula:

Sales tax = (base rate + local rate) * purchase price

For example, if the purchase is in a jurisdiction with a 5% rate, and the purchase price is $100, then the sales tax would be $5.

What are the penalties for not paying Wyoming sales tax?

Penalties for late filing or payment of Wyoming sales tax include:

• Late filing penalty of $25 or 10% of the tax due, whichever is greater
• An interest charge of 1% per month on the unpaid balance.

What’s the difference between destination-based and origin-based sales tax states?

In a destination-based sales tax state like Wyoming, tax is collected based on where the purchase is delivered to the customer. In an origin-based state, tax is collected based on where the sale originated from the seller.

Is the Wyoming sales tax destination-based or origin-based?

Wyoming is a destination-based sales tax state. Sales tax is based on where the customer receives the product or service.

Is Wyoming a streamlined sales tax state?

Wyoming is a full Streamlined Sales and Use Tax Agreement (SSUTA) member state.

Sales tax nexus table in Wyoming

‍

FAQs

Do I need a Wyoming seller's permit if I’m only a wholesaler?

Yes, wholesalers in Wyoming need to register for a seller's permit since they are making sales at the wholesale level. Wholesalers can purchase inventory tax-exempt by providing suppliers with a resale certificate. However, wholesalers still need to collect sales tax when selling to retailers.

Do I need a Wyoming seller's permit if I only sell temporarily in the state?

Even temporary sellers must register for a Wyoming seller's permit if they meet the sales tax nexus thresholds. This includes sellers at craft fairs, markets, pop-up shops, and other temporary retail establishments.

Exemptions from sales tax in Wyoming

Some exemptions from Wyoming sales tax include:

• Food for domestic home consumption
• Prescription drugs and medical equipment
• Textbooks
• Lodging for more than 30 days
• Agricultural equipment and machinery

FAQs

Are groceries taxable in Wyoming?

Most grocery food items are exempt from sales tax in Wyoming. However, prepared foods, candy, dietary supplements, soft drinks, and alcohol purchases are still taxable.

Is clothing taxable in Wyoming?

Clothing is taxable in Wyoming. There is no general exemption for clothing, apparel, or footwear.

Are digital products taxable in Wyoming?

Yes, digital products like music, movies, ebooks, and software downloads are generally taxable in Wyoming if transferred electronically. Exceptions include downloaded computer software.

Is software-as-a-service (SaaS) taxable in Wyoming?

No, SaaS and other cloud computing services are not subject to Wyoming sales tax since the buyer does not receive tangible personal property.

Are services taxable in Wyoming?

Some services are taxable in Wyoming, like lodging, installation labor, and certain personal services. Most professional and repair services are not subject to sales tax.

Excise taxes in Wyoming (alcohol, tobacco, gasoline, fuel, marijuana)

Wyoming has excise taxes on:

• Alcoholic beverages
• Cigarettes and other tobacco products
• Motor fuel
• Diesel fuel
• Special fuels like liquified petroleum gas

Wyoming does not currently have an excise tax on recreational or medical marijuana.

Food and beverage tax in Wyoming

Wyoming does not have a general sales tax on food and beverages. However, there are excise taxes on specific items like alcohol and soda.

Remote sellers in Wyoming

Remote sellers with no physical presence in Wyoming may still be required to collect and remit sales tax if they exceed the annual economic sales thresholds of $100,000 or 200 transactions.

Prepaid sales tax rates for fuel products in Wyoming

The prepaid sales tax rates in Wyoming depend on the fuel type:

• Gasoline: $0.24 per gallon
• Diesel: $0.24 per gallon
• LPG: $0.24 per gallon

Discretionary taxes in Wyoming (local sales taxes)

In addition to the 4% state sales tax, counties, and resort districts in Wyoming can assess up to a 2% discretionary sales tax with voter approval. Local sales tax rates depend on the jurisdiction and can raise the total sales tax owed to 5-6%.

Filing and paying sales taxes in Wyoming

Depending on sales volume, retailers and vendors must file Wyoming sales tax returns and remit monthly, quarterly, or annual taxes. Returns are due on the last day of the month following the reporting period. Taxes can be paid online through the Wyoming Tax Portal.

Sales tax return filing schedule and due dates in Wyoming

The Wyoming Department of Revenue assigns a filing frequency to businesses based on their anticipated taxable sales. This schedule is either monthly, quarterly, or annually.

The following due dates apply to Wyoming sales tax returns:

Create tables here for each of the filing frequencies

Monthly:

Businesses collecting $150 or more monthly in Wyoming sales tax must file monthly returns. Returns and payments are due on the last day of the following month.

‍

Quarterly:

Businesses that collect between $50 and $150 monthly in sales tax file quarterly returns.

‍

Annual:

Businesses collecting less than $50 monthly file yearly sales tax returns.

‍

Filing penalties in Wyoming

Businesses that fail to file their Wyoming sales tax returns on time may be subject to the following penalties:

• Late filing penalty of $25 or 10% of the tax due, whichever is greater

When are returns due in Wyoming?

Sales tax returns in Wyoming are due on the last day of the month following the end date of the reporting period.

For example, if the reporting period ends March 31, the sales tax return must be filed by April 30.

FAQs

What are the Wyoming sales tax due dates?

Wyoming sales tax due dates are:

• Monthly returns: Last day of the following month
• Quarterly returns: April 30, July 31, October 31, January 31
• Annual returns: January 31

I didn’t collect any Wyoming sales tax during this period. Do I still need to file a return?

Yes, even if no tax was collected, you still must file a $0 sales tax return in Wyoming for that reporting period.

Can I get an extension on filing my Wyoming sales tax return?

You can request a 30-day extension to file your Wyoming sales tax return by submitting the form ExTi, available on the Wyoming Department of Revenue website.

Can I amend a Wyoming sales tax return?

You can file an amended sales tax return in Wyoming to correct errors or omissions from a previous return. Additional tax owed must be paid with the amended return.

What is the penalty for filing and paying Wyoming sales tax late?

Wyoming charges a 10% penalty for late filing or incorrect filings, plus 1% monthly interest on any unpaid tax. The penalties and interest will not exceed 25% of the total tax owed.

Audit & appeals process

Wyoming's audit process allows businesses to appeal any adverse findings. It begins with a tax auditor reviewing records and transactions to identify potential unreported tax liabilities. If discrepancies arise, the auditor issues an assessment outlining additional tax, penalties, and interest owed.

The business can dispute the results by providing additional documentation explaining the transactions, correcting misclassifications, or claiming applicable exemptions. An informal conference with the auditor may also be requested to discuss contested audit findings.

If a resolution remains unreached after undergoing appeals within the Department of Revenue, the business can escalate the petition to the State Board of Equalization. Further tax disputes can be brought to Wyoming district court for final judgment.

Wyoming sales tax audit process

The Wyoming sales tax audit process involves the following:

1. Auditor scheduling audit and examining records
2. An audit report issued outlining deficiencies
3. Business submits documentation contesting results
4. Final assessment made after review

What to expect during the audit?

During a Wyoming sales tax audit, the business should expect to provide:

• Sales invoices, receipts, and transaction data
• Tax returns from the audit period
• Resale and exemption certificates
• Accounting records related to taxable transactions

After the audit – Appealing the results

To appeal Wyoming audit findings, businesses can:

• Submit additional documentation
• Request an informal conference
• File a petition for reassessment

Further appeals are possible in Wyoming district court if disputes continue unresolved after undergoing the appeals process within the Department of Revenue.

Sales tax registration

Here are the key steps for registering for a seller's permit in Wyoming:

How do you register for sales tax in Wyoming?

To register for a Wyoming seller's permit:

1. Visit the Department of Revenue website
2. Provide business details, including ownership, contact info, and EIN
3. Describe products sold and estimated monthly sales
4. Obtain sales tax license after approval

Once registered, all taxable Wyoming transactions must be properly collected, reported, and remitted.

Registration requirements for online sellers in Wyoming

Out-of-state online sellers must register if they:

• Exceed $100,000 in Wyoming sales annually
• Conduct over 200 separate Wyoming transactions annually
• Have a physical presence in Wyoming

Cost of registration for a Wyoming sales tax license

The state of Wyoming charges a $60 one-time fee or two-tenths of one million on the dollar ($0.0002) on the company’s assets located in Wyoming.

Agencies to register within Wyoming

Other agencies that may require business registration:

• Secretary of State
• Workforce Services
• Local city and county authorities

More Information & Contacts

For sales tax questions and audit appeals in Wyoming:

• Authority: Wyoming Department of Revenue
• Phone: (307) 777-5200
• Website: revenue.wyo.gov

There you have it—an in-depth guide on Wyoming's sales tax laws. Need help filing taxes for your ecommerce store? Get a demo with Numeral now.