New Statewide Transit Tax

New Statewide Transit tax

As a result of the 2017 legislative session, effective July 1, 2018, all employers in Oregon are required to withhold, report and remit one-tenth of one percent (.001%) of wages paid to their employees to the Department of Revenue. The term “employee” is defined as those who are residents and those non-residents performing services within Oregon.

The Department of Revenue will automatically set up a “statewide transit tax account” in Revenue Online. This will appear to all employers prior to the end of the 3rd quarter of the 2018 tax year.

You can find additional information on the statewide transit tax at www.oregon.gov/dor/business. If you have further questions, do not hesitate to contact my office for assistance.

Jeff Michael

Jefferson T. “Jeff” Michael focuses his practice on business advisory services and tax controversy matters. Mr. Michael provides counsel regarding business planning and transactions with a focus on family and closely held businesses. He also represents clients before the Internal Revenue Service and the Oregon Department of Revenue.

Share:

Related Blog Posts

Your Guide to Business Re-Domestication Conversions

Your Guide to Business Re-Domestication Conversions If you’re a business owner who has relocated to a new state, a business re-domestication through a statutory conversion ...
Probate Lawyers

Probate Lawyers: What They Do And How They Help?

When somebody passes away, countless legal processes will begin to take place. The distribution of their assets and estate needs to take place in a ...
Understanding International Business Law

Understanding International Business Law

Trade law is already a complex concept. Running a business comes with plenty of regulations, policies, and strict processes – and that’s before you start ...