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.

Jonathan Mishkin

Jonathan D. Mishkin focuses his practice on tax/trust controversy, estate planning, taxation and closely-held business advisory services with offices in Portland, Bend and West Linn. Drawing on deep experience gained inside both large accounting firms and large law firms, Mr. Mishkin capably advises and counsels individuals, families and their businesses, and trusts/trustees.

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