[Revenews] CAT registration deadline nears for businesses with $750, 000 in commercial activity

[GILLE Benjamin P-Jr * DOR]

Good morning,

Oregon's new Corporate Activity Tax 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. Some businesses may have reached the threshold early in January, while others might not top that mark until much later in the year.

Businesses that realized $750,000 in Oregon commercial activity on Jan. 1 must register by Jan. 31. Those businesses that crossed the $750,000 threshold in the days that followed will need to register in early February.

Registration opened Dec. 4 and more than 2,600 businesses have already registered

Automated payments available in February
Some registered businesses have already expressed an interest in making automated payments now for their first quarter estimated tax liability for the CAT. Direct payments and payments by other methods are not yet available for the CAT. It is anticipated that direct and automated payment functions will be available through Revenue Online in early February well before the first quarter estimated tax payment deadline of April 30.

How to register
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 entity's legal name and federal employer identification number.
Businesses and individuals will need:

  *   Their mailing address;
  *   The date they exceeded or expect to exceed $750,000 in Oregon commercial activity;
  *   A valid email address or current Revenue Online login, and;
  *   Their Business Activity Code (Refer to the current list of North American Industry Classification System codes found with their federal income tax return instructions.)
Taxpayers don't need a Revenue Online account to register for the CAT. Those who have Revenue Online accounts can't be logged in to register for the CAT. Instead, they should go directly to the CAT webpage and click on the "Register for the CAT" link on the right-hand side of the page.

More information
To learn more about the CAT go to the Department of Revenue's website at www.oregon.gov/dor<http://www.oregon.gov/dor> for list of frequently asked questions and a form to sign-up for email updates. Stakeholders can direct questions or comments about the CAT via email to cat.help.dor at oregon.gov<mailto:cat.help.dor at oregon.gov> or call 503-945-8005.

Thank you,


Corporate Activity Tax Policy Team
Oregon Department of Revenue
cat.help.dor at Oregon.gov<mailto:cat.help.dor at Oregon.gov>


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