How much does it cost to get a Seller’s Permit in Wisconsin?
In Wisconsin, obtaining a seller’s permit, sometimes referred to as a sales tax permit, is an essential step for any business that intends to sell taxable goods or services. The cost to obtain a seller’s permit in Wisconsin is $20, which is the Business Tax Registration (BTR) fee required by the Wisconsin Department of Revenue. This registration must be renewed every two years with a $10 renewal fee.
There is no separate fee charged specifically for the seller’s permit beyond the Business Tax Registration (BTR) fee, which is $20 initially and $10 every two years for renewal. For example:
- Security Deposit: In many cases, no security deposit is required. However, the Department of Revenue may require a refundable deposit up to $15,000, particularly for new businesses, those with limited credit history, or industries with higher compliance risk. If the business remains compliant for 24 consecutive months, this deposit can be refunded.
- Ongoing Compliance: Once registered, you are required to collect the correct sales tax rate on all taxable transactions and file regular sales tax returns (monthly, quarterly, or annually, depending on your volume).
- Renewal and Updates: Wisconsin seller’s permits remain active as long as the business continues operations and complies with tax rules. However, the underlying Business Tax Registration (BTR) must be renewed every two years with a $10 fee. Significant changes such as ownership, business structure, or address updates may also require notifying the Department of Revenue or reapplying.
- Penalties for Non-Compliance: Failure to register when required or to file returns on time can result in fines, interest charges, and even the revocation of your permit.
- Closing a Business: If you stop operating your business, you must notify the Wisconsin Department of Revenue to cancel your seller’s permit.
For businesses unfamiliar with Wisconsin’s sales tax rules or those expanding into multiple states, the process can become complex. That’s where OneIBC USA comes in. We assist clients with seller’s permit registration, multi-state tax compliance, and ongoing reporting coordination.
By ensuring your business is set up correctly from the start, OneIBC USA helps you avoid costly mistakes and ensures that sales tax obligations are integrated into your broader corporate compliance strategy.