Oklahoma: Sales Tax Handbook
How to file your sales taxes in Oklahoma
Once your business has an Oklahoma sales tax license and begins to make sales, you are required to start collecting sales taxes on behalf of the Oklahoma government and filing regular sales tax returns. This page will help you understand the basics of your tax collection and filing responsibilities.
How To Collect Sales Tax In Oklahoma
If the seller has an in-state location in the state of Oklahoma, they are legally required to collect sales tax at the rate of the destination of the buyer, as Oklahoma is a destination based sales tax state. The same is true for a seller who has an out of state location, and has tax nexus in Oklahoma.
Sales Tax Collection Discounts In Oklahoma
Oklahoma allows merchants to keep a small percentage of the sales tax they collect as a collection discount, which serves as compensation for the work required to comply with the Oklahoma sales tax regulations
The collection discount is 1% of the tax that is due for each permit number, with a limit of two thousand five hundred dollars or less for each month
Your Oklahoma Sales Tax Filing Requirements
To file sales tax in Oklahoma, you must begin by reporting gross sales for the reporting period, and calculate the total amount of sales tax due from this period.
The state of Oklahoma provides all taxpayers with three choices for filing their taxes. One option is to file online by using the OK Tap online service, and another is utilizing AutoFile's online system. Both of these online systems can also be utilized to remit the payment. The final option is filing manually through the mail, using form STS-20002. However, it must be noted that any taxpayer who pays over two thousand and five hundred dollars per month is required to file online.
Tax payers should be aware of a late filing penalty of 25% of tax due if the filing is more than ten days following a written demand. The late payment penalty is 10% of the tax due if it is not paid in the fifteen days following the due date.
The state of Oklahoma requires that every seller who owns a sales tax permit to file a sales tax return on the required day, even if it is a "zeroes-out" tax return, and there is nothing to report.
Your Oklahoma Sales Tax Filing Frequency & Due Dates
Your business's sales tax return must be filed by the 20th of the month following reporting period. For a list of this year's actual due dates, see our calendar of Oklahoma sales tax filing due dates.
Where To File Your Oklahoma Sales Tax Return:
Filing Your Oklahoma Sales Tax Returns Online
Oklahoma supports electronic filing of sales tax returns, which is often much faster than filing via mail.Electronic filing is required for taxpayers who owed an average of $2,500 or more per month in total sales taxes in the previous fiscal year. Optional for other taxpayers.
Oklahoma allows businesses to make sales tax payments electronically via the internet.Electronic payments are required for taxpayers who owed, on average, at least two thousand and five hundred dollars for each month during previous fiscal year.
You can process your required sales tax filings and payments online using the official Oklahoma Taxpayer Access Point (TAP) website, which can be found here . You should have received credentials to access your Oklahoma Taxpayer Access Point (TAP) account when you applied for your Oklahoma sales tax license.
Filing Your Oklahoma Sales Tax Returns Offline
While it is highly recommended that you file online using the Oklahoma Taxpayer Access Point (TAP) website, it is possible to file your required sales tax reportings offline using Oklahoma Form STS 20002, which you can download and print here . Once you have completed your required reportings, you can mail it to the state at this address:Oklahoma Sales Tax Filing Address: Oklahoma Tax Commission
PO Box 26850
Oklahoma City, OK 73126-0850
Please note that if you file your Oklahoma sales taxes by mail, it may take significantly longer to process your returns and payments.
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