Missouri Sales and Use Tax Bond Overview
- Purpose: To ensure Missouri retailers pay and collect sales or use tax
- Who Needs It: Retail vendors with sales or use tax licenses or licensees in default seeking reinstatement
- Regulating Body: The Missouri Department of Revenue
- Bond Amount: $500 to $100,000; determined by the Director of Revenue
- Minimum Price: 1% of the coverage amount
What Is a Missouri Sales and Use Tax Bond?
Missouri sales and use tax bonds ensure retailers pay all state taxes and fees on time and in full. These bonds are sometimes required if a licensee or business is in default due to not filing taxes previously.
Who Needs a Sales Tax Bond?
The Missouri Department of Revenue (DOR) requires retail vendors and taxpayers seeking reinstatement of a revoked license to file a surety bond, irrevocable letter of credit, or certificate of deposit (CD). This ensures vendors pay and file taxes and follow Missouri law.
What Are the Coverage Requirements?
The Director of Revenue determines exact coverage amounts based on average monthly tax liability — generally two to three times this amount. Each bond is rounded to the nearest $25.
To ensure you have the right bond coverage, verify with the DOR.
How Much Do Sales and Use Tax Bonds Cost in Missouri?
Missouri sales and use tax bond costs vary depending on coverage amount and credit-score. With great credit, you can qualify for a premium as low as 1% of the coverage amount.
For example, if you need a $10,000 bond, the premium will start at $100. Apply for a free quote today!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Missouri Sales and Use Tax Bond Work?
When you get a sales and use tax bond, you enter a three-party agreement.
| Bond Party | Description |
|---|---|
| 1. Principal | The retail vendor or licensee in default |
| 2. Obligee | The Missouri Department of Revenue |
| 3. Surety | The issuing surety provider |
If you, as the principal, don’t pay taxes, the surety will pay valid claims. You must reimburse them later.
How Do I Get a Sales Tax Bond in Missouri?
SuretyBonds.com offers the fastest and easiest way to get a sales use tax bond:
- Verify the bond coverage you need
- Apply for a free quote
- Pay the premium
- File your bond with the Department of Revenue
How Fast Can I Get My Bond?
We issue free quotes in one business day or less. After purchasing your bond, you’ll receive an email with your bond form within minutes. Be sure to file your bond with the DOR.
Can I Get Bonded With Bad Credit?
If you’re worried about qualifying, read about our Bad Credit Options. You can often still get bonded with a low credit score, you’ll simply pay a higher premium rate.
Do I Need to Renew My Bond?
After one year of paying and filing taxes satisfactorily, the DOR will likely release you from the bond obligation. If you are still delinquent on taxes, your license may be revoked.
How Do I Update My Bond Information?
Small updates like name and address can often be made through a bond rider. However, larger changes may require a new bond form to be issued.
Just contact customer care to update your bond form:
- [email protected]
- 1(800)308-4358
How to Get a Sales Tax License in Missouri
If your business sells taxable services you need a sales tax license. Get your sales tax license by completing a Missouri Tax Registration Application or registering online.
Be sure to include the following in your application:
- Personal information like SSN, address, owner birthdates
- Business physical and mailing address
- FEIN
- Sales or use tax estimated monthly sales
- Withholding tax estimated monthly wages
- Business ownership type and number issued by SoS
- Power of Attorney, if applicable
- Missouri Tax ID
- Surety bond, CD or letter of credit
