Getting a resale license in Arizona is a relatively straightforward process that allows you to purchase goods for resale without paying sales tax. Here’s how you can obtain a resale license in Arizona:
What is a resale license?
A resale license, also known as a reseller’s permit or sales tax permit, allows businesses to buy items for resale without paying sales tax. This is beneficial for businesses as they can purchase goods at wholesale prices, saving money in the long run.
Who needs a resale license in Arizona?
Any business that sells tangible goods in Arizona and plans to resell those goods needs a resale license. This includes retailers, wholesalers, and manufacturers.
How do I apply for a resale license in Arizona?
Applying for a resale license in Arizona is a simple process that can be done online through the Arizona Department of Revenue’s website. You will need to provide basic information about your business, such as your EIN, business name, and contact information.
What documents do I need to apply for a resale license?
When applying for a resale license in Arizona, you will need to have the following documents ready:
- EIN (Employer Identification Number)
- Business name and address
- Description of the goods you plan to sell
- Bank account information
Is there a fee for a resale license in Arizona?
There is no fee for obtaining a resale license in Arizona. However, businesses are required to renew their license every few years, which may come with a small fee.
How long does it take to receive a resale license in Arizona?
After submitting your application for a resale license in Arizona, it typically takes a few weeks to receive your license in the mail. You can check the status of your application online through the Department of Revenue’s website.
Can I use my Arizona resale license to make tax-exempt purchases in other states?
Your Arizona resale license only applies to purchases made within the state of Arizona. If you plan to make tax-exempt purchases in other states, you will need to obtain a resale license for each state where you conduct business.
Can I sell goods online with a resale license in Arizona?
Yes, you can sell goods online with a resale license in Arizona as long as you are selling tangible goods and collecting sales tax from Arizona residents. Make sure to update your online platforms with your resale license information to avoid any legal issues.
Obtaining a resale license in Arizona is essential for businesses looking to purchase goods for resale without paying sales tax. By following these steps and guidelines, you can easily obtain your resale license and start saving money on your business purchases.