This guide summarizes how small business taxes are structured in Wyoming and what that means for your bookkeeping. It links to official sources from the Wyoming Department of Revenue and other state agencies; rates, thresholds and due dates change, so always confirm current figures there before filing.

No corporate or personal income tax

Wyoming has no corporate income tax and no personal income tax, so there is no state income tax withholding and no state income tax return for most businesses. Owners of pass-through entities report business income only on their federal and any other states' returns.

Sales and use tax

The Wyoming Department of Revenue administers a state sales and use tax plus optional county taxes, so combined rates vary by county. Businesses making taxable sales need a sales tax license, and some services, such as certain repair and alteration services, are taxable. Lodging is subject to additional lodging taxes.

Annual report license tax

Corporations and LLCs pay an annual report license tax to the Wyoming Secretary of State, based on the value of assets located and employed in Wyoming, with a minimum amount. The report is due on the first day of the entity's anniversary month.

Employers: unemployment and state workers' compensation

Wyoming is a monopolistic workers' compensation state: employers in covered industries obtain workers' compensation coverage through the state rather than private insurers. The Department of Workforce Services administers both unemployment insurance and workers' compensation, which are reported together.

Bookkeeping for Wyoming filings

  • Track Wyoming assets by entity for the annual report license tax, which is based on assets located in the state
  • Record workers' compensation premiums paid to the state fund alongside unemployment contributions
  • Use county-level rates for sales tax, since counties add optional taxes

Official Wyoming sources

Key terms

  • Assets: Assets are resources a business owns or controls that are expected to provide future economic benefit.
  • Use Tax: Use tax is a tax on taxable goods or services used in a state when sales tax was not collected at purchase.

We support Wyoming businesses remotely with bookkeeping, payroll and tax services. See all state guides or the small business tax glossary.