Ohio Cat Tax Due Dates 2025. If you are a business owner in ohio, you may be interested in the recent changes to the commercial activity tax (cat) that will take effect in 2024 and 2025. Ohio’s commercial activity tax (cat) will undergo significant changes in 2024 and 2025, representing a substantial shift in the state’s approach to business.
Ohio’s commercial activity tax (cat) will undergo significant changes in 2024 and 2025, representing a substantial shift in the state’s approach to business. Therefore, starting in 2024, businesses with taxable gross receipts less than $3 million and, in 2025, less than $6 million of taxable gross receipts will not be subject.
As A Reminder, Major Changes Are Coming To Ohio’s Commercial Activity Tax (Cat) Beginning Jan.
Businesses with taxable gross receipts exceeding $3 million will be taxed at 0.26%.
If You Became Subject To The Cat For 2023, You Must Register, File, And Pay Any Tax Due For Calendar Year 2023.
Ohio’s commercial activity tax (cat) will undergo significant changes in 2024 and 2025, representing a substantial shift in the state’s approach to business.
Ohio Cat Tax Due Dates 2025 Images References :
Elimination Of The $150 Minimum Tax:
Businesses with taxable gross receipts exceeding $3 million will be taxed at 0.26%.
For Tax Year 2024, A Person With Taxable Gross Receipts Of More Than $3 Million Per Calendar Year Is Subject To The Cat.
The cat annual minimum tax is eliminated for periods on or after january 1, 2024.