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The commercial activity tax (CAT) is an annual tax imposed on the privilege of doing business in Ohio, measured by gross receipts from business activities in Ohio. Businesses subject to the tax (see CAT Information Release 2023-01) must register for the CAT, file all the applicable returns, and make all corresponding payments. A variety of ...
Taxpayers - The CAT is an annual privilege tax measured by gross receipts on business activities in this state. This tax applies to all types of businesses: e.g., retailers, service providers (such as lawyers, accountants, and doctors), manufacturers, and other types of businesses.
Important Changes to the Ohio Commercial Activity Tax. Effective January 1, 2024, the Commercial Activity Tax (CAT) underwent major changes. Please see below for a summary of changes that went into effect for tax periods beginning on and after January 1, 2024. New Exclusion Amount Coming in 2025!
What is the Commercial Activity Tax (CAT)? Applies to The CAT applies to gross receipts that are sitused (sourced) to Ohio. Doing Business in Ohio The CAT is an annual tax imposed on the privilege of doing business in Ohio, measured by taxable gross receipts from most business activities. Taxable Gross Receipts Taxpayers with taxable gross ...
The purpose of this information release is to provide guidance to commercial activity tax (CAT y) taxpayers following the recent enactment of Am. Sub. H.B. 33 of the 135th Ohio General Assembly.
The base of the CAT is gross receipts sitused to Ohio. “Gross receipts” means the total amount realized, without de duction for the cost of goods sold or other expenses incurred,
In this article, we’ll review everything you need to know about Ohio’s CAT Tax and how Mosey’s business compliance management platform can help you stay compliant. What Is the Ohio CAT Tax? In a nutshell, the Ohio CAT tax is Ohio’s way of saying, “Thanks for doing business here.”
The Ohio commercial activity tax (CAT), a state-level tax imposed on certain gross receipts in lieu of a state income tax, presents its own set of intricacies and regulatory requirements. Ohio Rev. Code Section 5751 provides guidance on the taxability or exempt nature of various types of revenue.
Ohio‘s tax system ranks 35th overall on the 2025 State Tax Competitiveness Index.Ohio is an outlier in its reliance on a gross receipts tax, the Commercial Activity Tax (CAT), as its primary business tax. Gross receipts taxes are generally more economically harmful than corporate income taxes because they apply to firms regardless of whether they earn a profit in a given year, and they cause ...
The CAT is an annual tax imposed on the privilege of doing business in Ohio, measured by taxable gross receipts from most business activities. Most receipts generated in the ordinary course of business are subject to the CAT.