Wyoming Sales Tax Nexus Updates

Sovos
December 30, 2020

When it comes to sales tax nexus updates, Wyoming was ahead of the curve. The Cowboy State passed rules requiring remote sellers to collect and remit sales tax even before the Supreme Court’s South Dakota v. Wayfair, Inc. decision. However, Wyoming had to stay implementation of those rules until the Court made its ruling. Below we have highlighted key points in the Wyoming sales tax nexus.

Enforcement date:
February 1, 2019.

Sales/transactions threshold:
$100,000 or 200 transactions.

Measurement period:
Threshold applies to the previous or current calendar year.

Included transactions/sales:
Retail sales of tangible personal property delivered into the state.

When You Need to Register Once You Exceed the Threshold:
Next transaction.

Summary: According to state law, remote sellers must collect Wyoming sales tax when their gross revenue from sales into Wyoming exceeds $100,000 or they made 200 or more separate transactions for delivery into the state in the current or immediately preceding calendar year. Marketplace facilitators must also collect Wyoming sales tax when their gross revenue from sales made or facilitated into Wyoming exceeds $100,000 or they made or facilitated 200 or more separate transactions for delivery into the state.

Even with Wyoming implementing economic nexus law fairly in line with Wayfair, remote sellers and marketplace facilitators must ensure that they stay current on all regulations related to sales tax.

Wyoming Sales Tax Resources: For more information on Wyoming sales tax nexus updates, reach out to our team of experts. Additionally, swing by our interactive sales tax nexus map for the latest changes on every state.

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Author

Sovos

Sovos is a global provider of tax, compliance and trust solutions and services that enable businesses to navigate an increasingly regulated world with true confidence. Purpose-built for always-on compliance capabilities, our scalable IT-driven solutions meet the demands of an evolving and complex global regulatory landscape. Sovos’ cloud-based software platform provides an unparalleled level of integration with business applications and government compliance processes. More than 100,000 customers in 100+ countries – including half the Fortune 500 – trust Sovos for their compliance needs. Sovos annually processes more than three billion transactions across 19,000 global tax jurisdictions. Bolstered by a robust partner program more than 400 strong, Sovos brings to bear an unrivaled global network for companies across industries and geographies. Founded in 1979, Sovos has operations across the Americas and Europe, and is owned by Hg and TA Associates.
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