You must obtain a sales tax ID if you intend to offer goods or services in Mississippi. With this identification, also referred to as a seller’s permit, you are able to collect sales tax from your clients and send it to the state. How to obtain a Mississippi sales tax ID is provided here.
Determine Your Business Type in Step 1
You must decide what kind of business you have in order to apply for a sales tax ID. Are you a corporation, limited liability company (LLC), partnership, or sole proprietorship? The paperwork you must submit depends depend on the type of business you have.
Step 2: Register with the Secretary of State of Mississippi The Secretary of State of Mississippi must then be notified that your business has been registered. Even though sole proprietorships are exempt from state registration requirements, they must file a Doing Business As (DBA) or trade name certificate with their county clerk’s office.
Apply for a Sales Tax ID in Step 3 You can apply for a sales tax ID with the Mississippi Department of Revenue once your firm has been registered. You can apply for this either on paper or online through the Mississippi Taxpayer Access Point (TAP).
Create a TAP account and provide your business details, including your Social Security number or federal tax ID number, to apply online. If you want to submit your sales tax payment electronically, you’ll also need to enter details about your bank account.
You can download a paper application from the Mississippi Department of Revenue website if you’d rather send your submission. The same details as the online application must be submitted, along with a $50 application fee. Then, does Mississippi have a certificate for resale?
Yes, Mississippi does have a reseller’s permit, sometimes referred to as a resale certificate. If you intend to resale the products or services, this certificate entitles you to tax-free purchases. You must submit an application for a sales tax ID with the Mississippi Department of Revenue in order to receive a resale certificate. What Am I Required to Purchase in Bulk?
You must present a current resale certificate to the wholesaler in order to make a purchase. With the help of this certificate, you can demonstrate that you intend to resale the items and are thus exempt from paying sales tax. Your business information as well as your sales tax ID number must be provided. How Can I Form an LLC in Mississippi?
You must submit Articles of Organization to the Mississippi Secretary of State in order to establish an LLC there. This can be done by mail or online. Additionally, you’ll need to register with the Mississippi Department of Revenue and get a sales tax ID. Do I Have to Pay Taxes When I Resell Things?
If you have a sales tax ID, you must collect and send sales tax on the goods you resell. However, you can buy the goods tax-free and then charge sales tax to your clients when you resell them if you have a current resale certificate.