As in every other state, the state of Wyoming has various types of taxes. All of these types of tax are full of exceptions and extremely specific requirements. Below we have gone through the major types of tax that affect small businesses. Our intent is to give you a general understanding of when the various taxes will apply to you and what they will mean to your business.
- Franchise tax is required from most corporations doing business in Wyoming.
- There is no income tax on corporate or other business income in Wyoming.
- There is no personal income tax in Wyoming.