E-Pay Mandate (EFT)

Due to the recent legislative changes to RIGL 44-30-71 there is a new electronic payment requirement.  Beginning January 1, 2010, any person required to withhold and remit tax under this section with ten (10) or more employees as well as any person required to collect and remit sales and use tax to the state of Rhode Island who had an average monthly sales and use tax liability of two hundred dollars ($200) or more per month must make the payments by electronic funds transfer or other electronic means defined by the tax administrator.

 

In the case of failure of any person required to deposit taxes by electronic funds transfer or other electronic means defined by the tax administrator, unless such failure is due to reasonable cause and not due to willful neglect, there shall be added to the amount shown as tax required to have been electronically transferred five percent (5%) of the amount or five hundred dollars ($500) per required payment, whichever is less.

The tax administrator is authorized to waive the electronic filing requirement in a given year for a person who can show that filing electronically will cause undue hardship.

To facilitate this requirement the Division of Taxation allows ACH debit, ACH credit and credit card payments. 

To sign up for ACH Debit

go to  https://www.ri.gov/taxation/business/index.php and click on “Create an account now”. 

To register for an ACH Credit account you can download this form

http://www.tax.ri.gov/forms/2012/EFT/Form RI-EFT-1.pdf

If you would like to make payments through your credit card then follow this link

Any questions regarding electronic payments, please contact (401) 574-8484.