Two Rhode Island Division of Taxation regulations -- one involving employer withholding, the other having to do with paying taxes by electronic funds transfer -- are now in full effect.
The Division amended Regulation 280-RICR-20-55-10 ("Employers' Withholding") mainly to provide more clarity to employers and to reflect current developments in Rhode Island withholding law. The public comment period is over and the regulation is now final. To view the regulation, click here.
The Division amended Regulation 280-RICR-20-30-1 ("Payment of Taxes by Electronic Funds Transfer") mainly so that it reflects the latest changes to Rhode Island law involving withholding tax returns and payments. (Certain employers are now required to submit withholding tax returns and payments by electronic funds transfer or other electronic means.) The public comment period is over and the regulation is now final. To view the regulation, click here.
