Mandatory RI Electronic Business Tax Payments
Beginning January 1, 2024, the State of Rhode Island is requiring all businesses with over $100,000 of gross receipts to pay their RI business taxes electronically.
This year, there are two ways that RI business taxes can be paid:
Credit Card Payment https://tax.ri.gov/online-services/make-payment-online/credit-card-payments
Tax Portal
Many of you may already have a Tax Portal with the RI Division of Taxation. If you do, then no action is needed at this time. If you do not have a portal and you need to set one up, you first need to contact the RI Division of Taxation to request a PIN. To make sure you have set up your portal in time, you should contact the Division of Taxation ASAP by either:
Email: taxportal@tax.ri.gov
Phone: 401-574-8484
If you have more than one business, each business will need its own Tax Portal.
Credit Card
If you prefer to avoid the process of setting up a portal, then you can simply pay by credit card. A service fee of 2% of the tax due + $2 is charged by the state’s third-party provider. This option may be easier if your business only has an annual payment of the state’s $400 income tax. However, if you are also making pass-through entity estimated tax payments or C corporation estimated tax payments, this is not an option.
Taxes Required to be Paid Electronically
All corporate and pass-through entity estimated tax payments are subject to the electronic payment requirements.
Personal Income Taxes
At this time, personal income taxes, as well as estate and trust taxes, are not subject to the electronic payment requirements. However, the Division of Taxation is supporting electronic payments through our tax software provider for those clients who prefer to use EFT withdrawal.