You must submit an application to the Utah State Tax Commission in order to get a vending machine license there. You will need to supply basic information about your firm, such as your business name and address, as part of the application process, which is rather simple. You must also include details regarding your vending machines, such as the quantity and locations of the devices you plan to run.
It’s critical to be knowledgeable with Utah’s sales tax regulations in addition to obtaining a vending machine license. In St. George, Utah, the sales tax rate is 6.35% as of 2021. All retail transactions, including those conducted through vending machines, are subject to this charge.
It’s also vital to keep in mind that some vending machine companies might be regarded as market facilitators or suppliers. These firms are those that enable or offer a platform for independent sellers to market and sell their goods or services. If this applies to your vending machine business, you might be in charge of collecting and remitting sales tax on behalf of the third-party sellers.
In conclusion, you must obtain a vending machine license from the Utah State Tax Commission if you want to open a vending machine business in Utah. Furthermore, it’s critical to understand Utah’s sales tax regulations, especially if your vending machine company is regarded as a marketplace facilitator or provider. You can make sure that your vending machine company is functioning lawfully and in accordance with Utah’s tax regulations by adhering to these rules.