GET WYOMING RESALE CERTIFICATE
HOW TO GET A RESALE CERTIFICATE IN WYOMING
Wyoming Resale Certificate is a document that lets businesses buy goods without paying sales tax if they plan to resell them. It helps businesses save money by avoiding double taxation, meaning they don’t have to pay sales tax when buying products they’ll later sell to customers. Instead, sales tax is collected only when the final customer makes a purchase.
To obtain a resale certificate in Wyoming, follow these three steps.
✔ STEP 1 – Obtain a Wyoming Sales & Use Tax License: Apply for a Wyoming Sales & Use Tax License which provides your business with a Sales Tax ID Number, which is required to issue a resale certificate.
✔ STEP 2 – Complete the Wyoming Exemption Certificate Form: Fill out the Wyoming Exemption Certificate Form with accurate business details, including your Sales Tax License Number, business name, and intended use of the certificate. This document verifies your eligibility for tax-exempt purchases.
✔ STEP 3 – Present the Resale Certificate to Suppliers: Provide a copy of your resale certificate to wholesalers or suppliers when making tax-exempt purchases of goods intended for resale. Ensure the certificate is properly completed and up to date to avoid tax compliance issues.
WHAT IS A WYOMING RESALE CERTIFICATE?
A Wyoming resale certificate is a legally recognized tax exemption document issued under Wyoming sales tax laws allowing registered businesses holding a valid Wyoming Sales/Use Tax License to purchase taxable tangible personal property or certain taxable services for resale without paying sales tax at the time of purchase..
The Wyoming resale certificate is also commonly known as a resale license, reseller permit, reseller license and tax exemption certificate.
It serves as a formal declaration to suppliers that the purchasing entity qualifies for sales tax exemption under Wyoming’s sales tax statutes, ensuring tax compliance while preventing double taxation within the supply chain. The resale certificate must include the business’s legal name, Wyoming Tax ID, nature of business activities, and intended resale purpose, and it must be properly completed and retained for audit purposes to validate tax-exempt transactions.
Wyoming resale certificate allows suppliers to know that you are legally allowed to purchase the goods without them having to charge you sales tax, since you will be reselling the goods and collecting sales tax from the consumer (end user). There is no limitation on where a reseller permit can be used as long as the seller accepts it. Also, any items can be purchased using the permit assuming that the items will be resold.
WHAT INFORMATION IS ON A WYOMING RESALE CERTIFICATE?
Common details listed on the Wyoming resale certificate include the name (company or individual) and address of the buyer, a descriptive detail of the goods being purchased, a reference that this merchandise is intended to be resold and the accurate Wyoming sales tax number. It is important that you follow the correct procedure and protocol involved in the resale certificate process. Any errors occurring during this process could cause delays or penalties to be incurred by either party.
IS A WYOMING RESALE CERTIFICATE THE SAME AS A WYOMING SALES TAX PERMIT?
No, a Wyoming resale certificate is not the same as a Wyoming sales tax permit. A Wyoming resale certificate allows a buyer (such as a retailer) to purchase goods from a supplier (such as a wholesaler) without paying sales tax on items intended for resale. In contrast, a Wyoming sales tax permit authorizes a business to sell goods within Wyoming and collect/remit sales tax on those sales.
It is the responsibility of the supplier to keep a copy of the resale certificate for compliance purposes and the responsibility of the retailer to collect sales tax when the goods are sold.
In order to have a Wyoming resale certificate, you must first apply for a Wyoming sales tax permit. This permit will provide you with a Wyoming Tax ID number (sales tax number) which will be a necessary field on the Wyoming resale certificate.
IS A WYOMING RESALE CERTIFICATE THE SAME AS A BUSINESS LICENSE?
No. A Wyoming resale certificate (Form ETS Form “Sales/Use Tax – Exemption Certificate”) is simply proof that you hold a valid Sales and Use Tax (sales-tax) license and may buy inventory tax-free for resale. It is not a general business license, and Wyoming does not issue a statewide business license; separate local permits may still apply.
DO I NEED A RESALE CERTIFICATE IN WYOMING?
Yes, you need a Wyoming Resale Certificate if your business is a retail or wholesale operation that does not want to be responsible for collecting sales tax on resold items and wants to avoid future tax liability.
Since sales tax is only supposed to be paid one time on a taxable good or service, then you want to make sure you are compliant at your phase of the product’s sales life. Even though sales tax is usually paid by the end user, the only way to ensure this is with a Wyoming resale certificate that is properly filled out.
WHAT IS THE EXPIRY OF WYOMING RESALE LICENSE?
Wyoming sales-tax licenses do not have a fixed expiration date. The license remains active as long as you file required sales-tax returns and keep your account in good standing; no periodic renewal fee is due.
HOW TO USE OR ACCEPT A WYOMING RESALE CERTIFICATE
To use or accept a Wyoming Resale Certificate, reciprocity laws govern its interchangeability with resale certificates from other states. You must obtain a Wyoming Sales & Use Tax License by applying through the Wyoming Department of Revenue, which provides a unique Sales Tax ID Number. This number is required to complete the Wyoming Resale Certificate, which follows the Streamlined Sales Tax Agreement exemption certificate format. The resale certificate must be properly completed with all necessary information, including the business name, address, and Sales Tax ID Number, to be valid.
Wyoming accepts out-of-state resale certificates. If a buyer is from another state, they may use their home-state resale certificate for tax-exempt purchases in Wyoming. Suppliers must ensure that the resale certificate is properly completed, valid, and not expired before accepting it.
To verify a resale certificate, suppliers must check the buyer’s Sales Tax ID Number by contacting the Wyoming Department of Revenue, as online verification is not available. The resale certificate must be signed by the buyer, and purchases must align with the intended resale purpose. If any information is incomplete or appears fraudulent, additional verification is required. Sellers must maintain a copy of each resale certificate for audit purposes. One certificate per customer is sufficient, but subsequent purchases should be reviewed for compliance.
Engaging in collusion to evade sales tax collection is illegal. Sellers who accept fraudulent or improperly completed resale certificates may be held liable for unpaid sales taxes. Businesses must adhere to Wyoming’s resale certificate requirements to comply with state regulations and avoid legal or financial penalties.