[Revenews] As Corporate Activity Tax begins January 1, DOR offers resources

[GILLE Benjamin P-Jr * DOR]

Dear Revenews Subscribers:

With the January 1, 2020 start date for Oregon's new Corporate Activity Tax (CAT) just more than a week away, the Department of Revenue (DOR) wants to remind business taxpayers of the resources available to help them learn about and comply with the new tax law.

Several resources are available for business taxpayers and tax preparers on the Department of Revenue website atwww.oregon.gov/dor<http://www.oregon.gov/dor>. They include:

  *   Registration through Revenue Online.
  *   A list of frequently asked questions posted on the CAT page, including high level summaries of topics and rules that will help you comply with the new law.
  *   Drafts of the first administrative rules available on CAT page.
  *   A form to sign up for email updates about all things CAT.
For other information email questions to cat.help.dor at oregon.gov<mailto:cat.help.dor at oregon.gov> or call 503-945-8005.

Registration reminder
The new law requires registration within 30 days of meeting the threshold of $750,000 in Oregon commercial activity. A penalty of $100 per month may be assessed for failing to register, up to $1,000 per calendar year. Businesses that wish to do so, can register early.

Registration for the CAT opened earlier this month on Revenue Online. Taxpayers do not need a Revenue Online account in order to register for CAT. Those who have Revenue Online accounts can't be logged-in to register for CAT. Instead, they should go straight to the CAT page and click on the link titled "Register For CAT" on the right-hand side of the page


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