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Beginning in tax year 2025 and thereafter, a person with taxable gross receipts of more than $6 million per calendar year is subject to the CAT. Please note that certain receipts are not taxable receipts, such as dividends.
- Information Release CAT 2023-01
Currently registered annual taxpayers having $1 million or...
- Department of Taxation
For calendar year 2024, taxable gross receipts above $3...
- Information Release CAT 2023-01
2 maj 2023 · A “taxable gross receipt” is a gross receipt that is sitused (or sourced) to the state of Ohio. Generally, gross receipts are sourced based on the benefit to the purchaser. Section 5751.033 of the Ohio Revised Code sets forth the rules for determining how to source gross receipts to Ohio.
1 kwi 2018 · The Ohio commercial activity tax (CAT), a state - level tax imposed on certain gross receipts in lieu of a state income tax, presents its own set of intricacies and regulatory requirements. Ohio Rev. Code Section 5751 provides guidance on the taxability or exempt nature of various types of revenue.
Currently registered annual taxpayers having $1 million or less in taxable gross receipts during the calendar year and anticipating having $3 million or less in taxable gross receipts during 2024 will file a final annual return reporting their taxable gross receipts for 2023, due May 10, 2024.
The commercial activity tax (CAT) is an annual tax imposed on the privilege of doing business in Ohio, measured by gross receipts from business activities in Ohio. Businesses subject to the tax (see CAT Information Release 2023-01) must register for the CAT, file all the applicable returns, and make all corresponding payments.
3 cze 2019 · The tax rate for gross receipts equaling $1 million or less is taxed at $150. The annual minimum tax becomes a tiered structure, and taxpayers will pay an amount that corresponds with their overall commercial activity. Please refer to the table below containing the various amounts due. All for the privilege of doing business in Ohio.
For calendar year 2024, taxable gross receipts above $3 million are taxed at a rate of 0.26%. For tax periods beginning January 1, 2025, and thereafter, taxable gross receipts above $6 million are taxed at a rate of 0.26%.
