Ó£»¨ÊÓƵ

Filing Information

Any corporation which incorporates, qualifies, or otherwise acquires a taxable status (nexus) in Ó£»¨ÊÓƵ must file a Corporation Business Tax (CBT) return. In general, this includes all domestic corporations.

Every Ó£»¨ÊÓƵ Corporation acquires a taxable status beginning either on the date of its incorporation, or on the first day of the month following its incorporation if so stated in its Certificate of Incorporation.

A foreign corporation (corporation formed outside Ó£»¨ÊÓƵ) must file a CBT return if it:

• Does business in ӣ»¨ÊÓƵ;
• Derives receipts from Ó£»¨ÊÓƵ;
• Employs or owns capital in Ó£»¨ÊÓƵ;
• Employs or owns property in Ó£»¨ÊÓƵ;
• Maintains an office in Ó£»¨ÊÓƵ;
• Holds a general Certificate of Authority to do business in Ó£»¨ÊÓƵ issued by the ӣ»¨ÊÓƵ Division of Revenue and Enterprise Services (DORES); or
• Holds a certificate, license, or other authorization issued by any other Ó£»¨ÊÓƵ department or agency authorizing the company to engage in corporate activity in Ó£»¨ÊÓƵ.

In addition, foreign corporations that are partners in a Ó£»¨ÊÓƵ partnership and Combinable captive insurance companies also must file a return.

Combined Reporting Requirement

Groups of companies that have common ownership and are engaged in a unitary business are required to calculate their tax liability on a combined basis, if at least one member of the group is subject to the Ó£»¨ÊÓƵ Corporation Business Tax.

Annual Reports

In addition to filing Corporation Business Tax returns, corporations are required to file Annual Reports with the (DORES).