To avoid paying sales tax on goods you want to resell, Missouri business owners may need to obtain a resale certificate. Reselling the goods to clients who will pay the tax enables business owners to purchase them without paying sales tax thanks to a resale certificate. We will walk you through the steps of getting a copy of your Missouri resale certificate in this article.
You must get in touch with the Missouri Department of Revenue if you want a copy of your resale certificate. You can accomplish this by contacting their customer service department by phone at (573) 751-5860 or online at dor.mo.gov. You can fill out and submit an online form titled “Sales/Use Tax Exemption Certificate” by visiting the website. You can also print the form, complete it, and mail it to the Missouri Department of Revenue.
While Missouri does not have a flat tax, it does have a number of exemptions and deductions that might help you pay less overall. You will want a Missouri tax ID number in order to be eligible for certain exemptions and deductions. This number is sometimes referred to as a resale certificate number or a sales tax number. The Missouri Department of Revenue gives your company a special identification number. By completing the “Missouri Tax Registration Application” on the department’s website, you can request a Missouri tax ID number.
For purchases of items that they intend to resell, businesses in Nevada can use a resale certificate to avoid paying sales tax. You must submit an application to the Nevada Department of Taxation in order to receive a Nevada resale certificate. Filling out the “Resale Certificate Application” on their website will enable you to do this. After your application has been accepted, you will be given a three-year resale certificate.
State and local taxes, including sales tax, are typically exempt from being paid by the federal government. This implies that Virginia’s sales tax is not applicable to federal organizations, personnel, or contractors. Virginia does, however, require federal entities making tax-exempt purchases to present a copy of their federal exemption certificate. You must obtain a copy of your federal exemption certificate and give it to the seller if you are a federal agency intending to make a tax-exempt purchase in Virginia.
In conclusion, requesting a copy of your Missouri resale certificate from the Missouri Department of Revenue is a reasonably simple procedure. To be eligible for exemptions and deductions, you must have a Missouri tax ID number. Keep in mind that Missouri is not a tax-free state. You will also require a resale certificate or a federal exemption certificate, as appropriate, if you are conducting business in Virginia or Nevada, in order to avoid paying sales tax.