(918) 583-7129 Phone

The 15 Things You Need To Know About Oklahoma Sales Tax

  1. You are required to obtain a sales tax permit and collect sales tax for the state if you sell products or goods.
  2. Also if you lease or rent products you are required to obtain a sales tax permit and collect sales tax except for transactions relating to houses, land, or apartments.
  3. You must collect sales tax for all products and goods sold at garage sales and fundraising events (unless specifically exempted based on particular circumstances).
  4. You are even required to obtain a sales tax permit if you have three or more fundraising events or garage sales during a year.
  5. Generally sales tax does not pertain to service businesses.
  6. Sales tax permits are issued for three years.
  7. Only permit someone to purchase a product or good without paying sales tax if they provide you a valid sales tax permit.
  8. If you do not charge someone sales tax after they present you a valid sales tax permit, you should make a copy of their sales tax permit and attach it to their invoice.
  9. Someone can only purchase items exempt from sales tax when the product or good they are purchasing will be resold in their business (i.e., the product or good is either repackaged or incorporated into the product or good they ultimately sell).
  10. You can accept a multi-jurisdiction form signed by the purchaser providing their sales tax permit number in lieu of a copy of their sales tax permit.
  11. If you do not have a physical presence in a foreign state, you do not have to collect sales tax for any products or goods sold and shipped to someone in a foreign state.  
  12. For sales in state, you always collect sales tax at the state, county, and city sales tax rates for the final destination of where the product or good is sold.  If you ship the product or good somewhere within the state, you collect sales tax for the shipped destination.  If you sell goods at your business location, you collect sales tax using the state, county, and city rates for your business location.
  13. You must file sales tax reports and pay sales tax electronically every month.
  14. Sales tax reports are due between the 1st and 20th of each following month.
  15. If you do not collect sales tax during a month, you must still file a sales tax report declaring zero sales tax collected.