Like the majority of US states, Wisconsin levies a state sales tax. Wisconsin’s current sales tax rate is 5%, and some localities additionally impose their own levies. Milwaukee’s sales tax rate is 5.6%, for instance, while Madison’s is 5.5%. This means that you must pay the state sales tax in Wisconsin along with any applicable municipal taxes when you purchase goods or services there.
It’s critical to comprehend Wisconsin’s sales tax laws and regulations if you own a business. Whether Wisconsin accepts out-of-state resale certificates is one of the most frequent queries that business owners have. Yes, Wisconsin does accept resale certificates from firms located outside of the state, but you must first register with the DOR. Your Wisconsin sales tax number, which you must provide on your resale certificate, will be provided to you once you have registered.
Whether Wisconsin resale certificates expire is another crucial query that business owners have. Yes, it is the answer. Resale certificates issued by Wisconsin are good for two years after the date of issuance. To keep using your resale certificate after two years, you must renew it.
You might be wondering if you need a seller’s permit to sell on Shopify if you sell goods online. Generally speaking, if you have a physical presence in Wisconsin, the answer is yes. You must apply for a seller’s permit with the Wisconsin DOR if you have a warehouse, office, or other physical presence in Wisconsin. You do not have to apply for a seller’s permit if you do not have a physical presence in Wisconsin.
And last, a lot of business owners ponder whether having an LLC negates the necessity for a business license. The answer is that it depends on your business’s kind and geographic location. The majority of enterprises in Wisconsin do not need a state business license, although some cities and counties might. You should check with your neighborhood government office or speak with an attorney if you’re unsure whether you require a business license.
In conclusion, it is crucial for any business owner to comprehend Wisconsin’s sales tax laws and regulations. Knowing the responses to these frequently asked questions will help you comply with Wisconsin law and stay out of trouble with the law.