Wyoming: Sales Tax Handbook
How to file your sales taxes in Wyoming
Once your business has a Wyoming sales tax license and begins to make sales, you are required to start collecting sales taxes on behalf of the Wyoming 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 Wyoming
If the seller has an in-state location in the state of Wyoming, they are legally required to collect sales tax at the tax rate in which the buyer of their product is located, as Wyoming is a destination based sales tax state. This means that a business located in one city in Wyoming who makes a sale to a buyer in a seperate city is required to charge their buyer's local sales tax.
If the seller's location is out of state, then the state of Wyoming also requires the seller to charge sales tax based on the buyer's location.
Sales Tax Collection Discounts In Wyoming
Wyoming 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 Wyoming sales tax regulations
The collection discount is 1.95% of first six thousand and two hundred and fifty dollars of the taxes due, and 1% of amounts greater than six thousand and two hundred and fifty dollars with a maximum discount of five hundred dollars for each month.
Your Wyoming Sales Tax Filing Requirements
To file sales tax in Wyoming, 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 Wyoming has several ways for its tax payers to both file, and pay sales tax. One way this can be accomplished is by filing online. The other way to file and pay is by filling out paperwork manually, and sending it through the mail.
File frequency depends on the estimated sale volume declared per month. For businesses who claim up to one hundred and fifty dollars, the required filing period is quarterly filing. Businesses who claim more than one hundred and fifty dollars must file by the month.
Tax payers should be aware of a late filing penalty; 1% a month will be charged for each month the tax is underpaid. They may also levy and additional 10% if they feel that not filing or paying was done intentionally.
The state of Wyoming 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 Wyoming Sales Tax Filing Frequency & Due Dates
Your business's sales tax return must be filed by the last day of the month following reporting period. For a list of this year's actual due dates, see our calendar of Wyoming sales tax filing due dates.
Where To File Your Wyoming Sales Tax Return:
Filing Your Wyoming Sales Tax Returns Online
Wyoming supports electronic filing of sales tax returns, which is often much faster than filing via mail.
Wyoming allows businesses to make sales tax payments electronically via the internet.
You can process your required sales tax filings and payments online using the official Wyoming Internet Filing System for Business website, which can be found here . You should have received credentials to access your Wyoming Internet Filing System for Business account when you applied for your Wyoming sales tax license.
Filing Your Wyoming Sales Tax Returns Offline
While it is highly recommended that you file online using the Wyoming Internet Filing System for Business website, it is possible to file your required sales tax reportings offline using Wyoming filing frequency, which you can download and print here . Once you have completed your required reportings, you can mail it to the state at this address:Wyoming Sales Tax Filing Address:
Please note that if you file your Wyoming sales taxes by mail, it may take significantly longer to process your returns and payments.
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