Tuesday, December 29, 2015

Rhode Island Division of Taxation Corporate Tax Regulations & Payroll Updates

Apportionment and Nexus

The Division of Taxation this afternoon posted, as final, regulations involving apportionment and nexus for corporate income tax purposes. The regulations help to implement sweeping changes to the structure of the corporate income tax that were enacted in 2014 and that took effect for tax years beginning on or after January 1, 2015. The regulations will take effect January 12, 2016.

To view the apportionment regulation, please use the following link:


To view the nexus regulation, please use the following link:


Combined Reporting

The Division of Taxation recently held a public hearing on a third corporate tax regulation, involving mandatory unitary combined reporting. The Division of Taxation is working on a revised version of that regulation and anticipates a re-posting, in January 2016.

Although there are no major differences between the version presented at the recent public hearing and the revised version, there are enough differences to warrant a re-posting and a second public hearing, said Acting Tax Administrator Neena S. Savage.

“We believe that stakeholders will find no major differences, but we nevertheless plan to re-post the regulation and schedule a second public hearing in the interest of transparency, and to keep everyone informed,” she said. A date for the re-posting will be publicly announced once the revised version is completed.

Payroll withholding Updates

The Rhode Island Division of Taxation today posted on its website the booklet of income tax withholding tables for tax year 2016. Employers use the tables to calculate how much to withhold from an employee’s pay for Rhode Island personal income tax purposes.

The booklet also includes a copy of the 2016 version of Form RI W-4, "Employee’s Withholding Allowance Certificate." To view a copy of the booklet, please use the following link:


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