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Taxes for Canadian Businesses in the USA – Wyoming

This is the thirteenth FAQ of this series on taxes for Canadian businesses in the USA.

Question:

What state taxes does a Canadian business pay in Wyoming?

Answer:

Sales Tax

Wyoming’s statewide sales tax rate is 4%. Depending on local municipalities, the total tax rate can be as high as 10%.

Use Tax

Wyoming’s statewide use tax rate is 4%.

Unemployment Tax (Payroll Tax)

If you have employees working in Wyoming, you must pay unemployment taxes on their gross wages up to the taxable wage base ($26,400. as of 2020). Wyoming’s unemployment tax rates for new employers vary by industry category and range from 0.18% to 8.72% depending on experience rating.

Corporate Income Tax

There is no corporate income tax in Wyoming.

Discussion:

If you remain under certain thresholds in this state, you are not responsible for taxes.

TaxThreshold
Sales$100,000 or 200 transactions
Use$100,000

Availability of Treaty Benefits:

Use taxes are often treated as income taxes by the Canadian government when calculating income in Canada and applying for foreign tax credits. Meaning if you pay use tax in the USA but have no net profit, you will not benefit from a tax credit theoretically. The actual application is a bit more complex.


If you are considering business in Wyoming, including sales over $100,000 to residents and businesses in Wyoming, please contact a member of the EPR tax team by completing the contact form below. Our tax experts can advise on the best structure to reduce or minimize the impact of the taxes.

Canadian and foreign tax laws are complex and have a tendency to change on a frequent basis. As such, the content published above is believed to be accurate as of the date of this post. Before implementing any tax planning, please seek professional advice from a qualified tax professional. EPR Maple Ridge Langley, Chartered Professional Accountants will not accept any liability for any tax ramifications that may result from acting based on the information contained above.


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