Starting a business in Oklahoma is an exciting venture, but it’s crucial to understand the legal requirements that come with it. A common area of confusion for many new business owners is understanding the need for a sales tax permit in Oklahoma, also known as vendor use tax and seller’s permit. This permit allows you to collect sales tax on taxable products and services from customers in Oklahoma and remit it to the state.
This blog will guide you through each step of applying for a sales tax permit, with clear instructions to help you and your business begin collecting sales tax effortlessly.
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Who Needs a Seller’s Permit in Oklahoma?
A business must register for a sales tax permit in Oklahoma if:- you meet physical or economic nexus within the state and
- you are selling taxable products or providing taxable services to customers in Oklahoma
How to Register for a Seller’s Permit in Oklahoma?
When applying for a sales tax permit in Oklahoma, you can use the online application process on the Oklahoma Tax Commission website to complete your sales tax registration.1. Where to Apply for a Seller’s Permit in Oklahoma?
The first step to register for a sales tax permit online is to go to Oklahoma Taxpayer Access Point (OkTAP) and click the title “Register for a Business.” When registering, you will encounter a question about whether you operate as a remote seller. If you indicate that you do, by selecting “Yes,” you will receive a Vendor Use Tax Permit. On the other hand, if your business has a physical location in Oklahoma, you’ll be granted a Sales and Use Tax Permit instead. Remember to provide all the required information to finish the registration process successfully.2. What Information do you Need to Get a Seller’s Permit in Oklahoma?
To successfully acquire a seller’s permit in Oklahoma, it’s important to prepare and provide specific information and documents. The following is a list of the necessary information and documents required to register a sales tax permit in Oklahoma:- Business Identification Information: Legal business name, physical address, mailing address
- Business Entity Structure (i.e., sole proprietorship, partnership, Subchapter S Corp., corporation, LLC, etc.)
- Federal Employer Identification Number (EIN or FEIN)
- Business Activity Details: Date & State of Incorporation, start date with the state of Oklahoma (nexus start date)
- NAICS Code
3. How Much are the Fees for Applying for and Renewing a Seller’s Permit in Oklahoma?
Registering for a sales tax permit in Oklahoma costs $20. The state charges a non-refundable registration fee. For remote sellers that are issued an Oklahoma Vendor Use Tax Permit, you will not need to renew it as it does not expire. If you are issued a sales tax permit, you will need to renew your sales tax every three years.4. What are Other Ways to Register for a Seller’s Permit in Oklahoma?
- Use TaxHero. Registering for a seller’s permit, mainly when it involves multiple permits, can be a tedious and time-consuming task requiring much effort. Let the experts at TaxHero save you from this hassle, and let us handle the registration process in all states where you have nexus as part of our all-inclusive sales tax service.