Dear Corporate Activity Tax stakeholder:
General guidance on how to calculate a business’s Corporate Activity Tax (CAT) liability has been added to the FAQ on the CAT page of the Oregon Department of Revenue’s website atwww.oregon.gov/dor.
The guidance uses two hypothetical examples and includes what information a business will need to figure its CAT liability and how to use the labor or cost subtraction.
Three other new frequently asked questions and answers have been added to the CAT page. The CAT FAQ includes high level summaries of the first rules and topics which will help taxpayers comply with the law.
The subjects covered by the new FAQ are:
Registration for the CAT opened earlier this month through the Department of Revenue’s Revenue Online system found atwww.oregon.gov.dor.
The new law requires businesses with Oregon commercial activity in excess of $750,000 to register for the Corporate Activity Tax. Once they reach that threshold businesses must register within 30 days. Businesses can choose to register early.
To register, individuals doing business in Oregon will need their name, and their social security number or individual taxpayer identification number. Businesses will need their legal name and federal employer identification number.
Businesses and individuals will need:
Those with additional questions are urged to email their questions to email@example.com.
Follow @ORrevenue on Twitter.
Corporate Activity Tax Policy Team
Oregon Department of Revenue