Once you are registered, you will receive information about filing. If you are a new business, register with the Department of Revenue first. ![]() The B&O tax is reported and paid on the excise tax return or by electronic filing. Rural County B&O Credit for New Employees.Credit definitions provide detailed instructions for reporting credits on the tax return. Credits are subtracted from the B&O tax due on your excise tax return. What credits are allowed?Ĭredits are amounts that have been paid to the Department of Revenue and are not due or are granted by the Legislature for a specific purpose. If you're not sure of your classification, see our tax classifications for common business activities page or our list of tax classification definitions. Once you know which classification your business fits into you can find the rate that corresponds to your classification on our list of B&O tax rates. The B&O tax rate varies by classification. This means there are no deductions from the B&O tax for labor, materials, taxes, or other costs of doing business. Washington’s B&O tax is calculated on the gross income from activities. Washington, unlike many other states, does not have an income tax. It is measured on the value of products, gross proceeds of sale, or gross income of the business. ![]() The state B&O tax is a gross receipts tax. What is the business and occupation (B&O) tax?
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