You must complete a few straightforward steps in order to get an Arkansas sales tax permit. You must first register your company with the Secretary of State’s office in Arkansas. Depending on the kind of business you are creating, the cost can be paid online or by mail.
You can use the Arkansas Taxpayer Access Point (ATAP) to submit an online application for a sales tax permit once your company has been registered with the Secretary of State’s Office. You will have to submit information about your company, such as your company name, address, contact information, and federal tax ID number. Along with your projected monthly sales, you must also include details on the goods or services you want to sell.
Following the submission of your application, the Arkansas Department of Finance and Administration will examine your data and, if everything is in order, issue your sales tax permit. Within a few weeks, you will receive your permit in the mail.
You can be qualified for sales tax exemption in Arkansas if you work for a non-profit or a government agency. You must apply for an exemption certificate from the Arkansas Department of Finance and Administration in order to become sales tax exempt.
You must present proof of your non-profit or official status in order to apply for an exemption certificate. The bylaws, articles of incorporation, and other official documents fall under this category.
How to Obtain an Arkansas State Tax ID Number
In Arkansas, you might additionally need to get a state tax ID number in addition to a sales tax permit. Your company will be given a state tax ID number, also referred to as a state employer identification number (EIN), by the Arkansas Department of Finance and Administration.
You must submit an online application through the Arkansas Taxpayer Access Point (ATAP) in order to get a state tax ID number. Information about your company, such as your business name, address, and federal tax ID number, must be provided. You must also include information about the type of business you are beginning and the anticipated number of employees.
The Arkansas Department of Finance and Administration will examine your information after you submit your application before allocating your state tax ID number. Within a few weeks, you will receive your number in the mail.
In Arkansas, there is no price to receive a sales tax permit. Once you begin generating sales, however, you will be compelled to gather and send sales tax to the state.
How much does an Arkansas business license cost? The price of a business license in Arkansas varies depending on the kind of business you’re beginning, where it will be situated, and whether or not other permits or licenses are needed by the city or county, which can also raise the price. To find out the precise needs and prices for your business, it is preferable to contact your local government agencies.