Taxes in Wyoming

Wyoming Taxes: Tax Obligations of an LLC and a Corporation

Wyoming is regarded as one of the most advantageous US states in which to form a company. It boasts zero state income tax for both companies and individuals, a high degree of privacy for owners and low fees.

Despite these advantages, you need to understand how Wyoming LLCs and Corporations operate in order to comply with all legal requirements.

• Forming a Company in Wyoming
• Forming an LLC in Wyoming
• Taxes in Wyoming
• Sales Tax in Wyoming
• Tax Returns in Wyoming
• Wyoming Apostille
• Apostille for a Wyoming Business Register Extract

The Tax Regime in Wyoming

Wyoming is one of the few US states with **no state income tax at all**, either for companies or for individuals. Nor does it levy any withholding tax on dividends at state level.

Summary of obligations:

• State corporate income tax: **0%**
• State personal income tax: **0%**
• Annual Report fee: **USD 60** (or $0.0002 for every dollar of assets located in Wyoming, whichever is greater)

How Is a Wyoming LLC Taxed?

The position for a Wyoming LLC is straightforward. It pays no income tax at state level, and at US federal level (IRS) it is treated as a transparent entity. Each year, only an annual report (Wyoming Annual Report) needs to be filed with the Secretary of State, by the first day of the month in which the company was formed.

Sales Tax in Wyoming

Wyoming’s basic state sales tax is **4%**. Local counties may apply an additional 1% to 2%, so the total Sales Tax rarely exceeds **6%**.

Form 5472 for Foreign Owners

In Wyoming, too, a foreign-owned Single-Member LLC is subject to federal IRS rules. It must obtain an EIN and file Form 5472 together with a pro forma Form 1120 for reportable transactions.

Conclusion

Wyoming is unrivalled in terms of privacy protection and low state fees, making it ideal for international entrepreneurs, e-commerce businesses and holding structures.