Resources Blog Reporting
by TaxJar October 15, 2024
If you buy products exclusively to resale in the state of Wyoming, you can avoid paying sales tax on your taxable purchases by presenting a Wyoming resale certificate at checkout. Always keep in mind that you should only use your resale certificate to buy items you intend to resell, rent or that you intend to use as a component part of an item for resale. Any other use of the resale certificate is usually considered unlawful.
Let’s dig in to the rules and regulations for using (and accepting) a resale certificate in Wyoming.
Wyoming provides resellers with an exemption certificate . If you wish to buy items for resale, fill out the entire certificate and present it to your vendor.
If you are not registered to collect sales and use tax in Wyoming, you can use a Uniform Sales and Use Tax Certificate (Multijurisdictional) to buy items for resale from Wyoming vendors. Also keep in mind that vendors reserve the right to refuse to accept a resale certificate.
Important to note: In Wyoming, the buyer, not the vendor, is ultimately on the hook if use of a resale certificate turns out to be fraudulent. In other words, if state taxing authorities discover that you used a resale certificate for items you did not intend to resell you will be on the hook to pay the unpaid sale tax, plus penalties.
If you are a Wyoming retailer and a buyer presents you with a resale certificate for a tax exemption, you should do the following:
Learn more about how TaxJar can help you manage sales tax compliance here .
It's time to solve your tax complexity
Talk to a TaxJar expert about automating your sales tax compliance.