Form 945-V Bend Oregon 2017-2025

Form 945-V Bend Oregon: What You Should Know

What is the Business Activity Tax (CAT)? The Tax Code provides that the Oregon Corporate Activity Tax applies to all Oregon business activities that occur in Oregon regardless of the business entity involved, even if a business entity owns a small business or for-profit entity. In general, all individuals and/or businesses that trade, manufacture, or do business, and maintain a principal place of business in Oregon are subject to paying an Oregon Corporate Activities Tax. Some exemptions apply to some Oregon activities. An activity does not need to be engaged in for a tax to be payable. The Oregon Tax Code also exempts certain types of activities, which are subject to a tax on separate schedules of computation. An income tax is imposed on all business income; however, the Oregon Corporation Franchise Tax is not necessarily included as a business tax in computing taxable wages. The taxable wages must equal no more than the gross incomes for the individual or business if both the individual or business is treated as having been a sole proprietorship. How the Oregon CAT is Calculated. If no tax, the total Oregon Corporate Activity Tax due must equal the sum of: Payroll Taxes for Employer: The Oregon Corporation Franchise Tax is calculated based on each person or company's individual income tax return and taxable wage withholding information. The Oregon Tax Code allows withholding from employers' payroll payments of Oregon wage and salary wages if the following conditions are met: Individuals: 1. Total Oregon Corporation Franchise Tax is zero 2. The Oregon Corporation Franchise Tax is one-half of the rate paid by the employer, as calculated by the employer 3. The tax is paid in whole or in part through payroll deduction 4. The amount withheld is the amount equal to the average percentage of Oregon wage and salary income Non-Individuals: 1. Total Oregon Corporation Franchise Tax is one-half of the rate paid by the employer, as calculated by the employer What is the Business Activity Tax, and why is it Applied? The Tax Code has specified that the Tax of Oregon Corporate Activities Tax is calculated on gross wages and other compensation and is applied to the total wages and compensation paid to all business entities in Oregon. The Tax Code also provides that an Oregon Corporate Activities Tax applies to all Portland, Multnomah, and Washington County employers, except the Oregon Municipal Retirement System Employee Retirement Fund.

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