Getting a Seller’s Permit in Idaho
To get a seller’s permit in Idaho, you need to register with the Idaho State Tax Commission. The permit allows you to collect and remit sales tax. Apply online for free. It takes about 10 days to receive the permit.
Idaho Seller’s Permit Information
Wholesalers and distributors require your seller’s permit number and a completed Idaho Resale Certificate. This documents that items purchased are for resale.
Understanding the Process
- Apply at the Tax Commission’s website. No cost for an Idaho sales tax permit. Needed for online businesses selling to Idaho customers too.
- You must collect sales tax on products/services sold to Idaho customers and remit this regularly. Report sales tax information in a timely manner. Some buyers are exempt and give a completed Form ST-101 showing applicable exemption reason(s). Keep copies of exemption documents.
FAQ: Idaho Seller’s Permit
How much is an Idaho seller’s permit? A seller’s permit allows collecting sales tax from customers and reporting to the state. To apply, complete the Idaho Business Registration application online. It’s free and takes about 10 days to get the permit.
Additional Information
- A seller’s permit is also called a sales tax license or sales and use tax permit. Even service providers may need one. It identifies you as a sales tax collector. Failure to collect and remit sales tax may lead to fines or charges.
- Resale certificates apply to items bought for resale or to manufacture something. Use form ST-101 for these. You can also call the Tax Commission with questions.
Licensing Requirements in New Mexico
- Even small New Mexico businesses need a Seller’s Permit if selling retail or wholesale. Licensing requires getting a wholesale license and business license.
- The wholesale license is the same as a seller’s permit. Some jurisdictions require both a seller’s permit and business license to ensure compliance with rules.
Ensuring Compliance in New Mexico
- You need a seller’s permit if selling goods or services in New Mexico and collecting sales tax.
- The seller’s permit is also called a sales tax license or sales and use tax permit. States require permits so businesses collect and remit sales taxes. Failure to do so may result in fines and back taxes.