Sales Tax in Wyoming
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The Wyoming state sales tax rate is 4%. Groceries and prescription drugs are exempt. Counties and cities can charge up to 2% additional local sales tax, for a maximum possible combined sales tax of 6%.
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Candy and soda are considered groceries in Wyoming and are exempt from sales tax.
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Goods subject to sales tax include physical property like furniture and vehicles. Services like software and mining are exempt. You must collect sales tax on digital goods sold.
Exemptions from Sales Tax in Wyoming
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Groceries and prescription drugs are exempt from sales tax in Wyoming.
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While groceries are exempt from taxes, prepared food sold to the public is subject to sales tax.
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Wyoming has no state income tax, making it attractive to individuals and businesses looking to reduce their tax burden.
The Wyoming Department of Revenue manages sales tax in the state. Some customers are exempt from paying sales tax, like government agencies, nonprofits, and merchants purchasing goods for resale. If your company sells physical products or services, you’ll need to collect and pay sales tax. Visit the Department of Revenue website and register for sales tax to acquire a seller’s permit. Use the sales tax calculator to determine your rate.
Wyoming has also revoked the rule of perpetuities, allowing established trusts to continue up to 1,000 years free of taxes.