What is form MTA-305?
Form MTA-305, Employer’s Quarterly Metropolitan Commuter Transportation Mobility Tax Return.
Do I need to file MTA-305?
Employers must file quarterly MCTMT returns if they are required to withhold New York State income tax from wages paid to employees and their payroll expense for all covered employees exceeds $312,500 in any calendar quarter.
Who files MTA-305?
Employers that are not required and do not elect to participate in the PrompTax program can file a paper Form MTA-305 and pay the MCTMT by check or money order.
What is MTA tax New York?
The metropolitan commuter transportation mobility tax (MCTMT) is a tax imposed on certain employers and self-employed individuals engaging in business within the metropolitan commuter transportation district (MCTD). This department administers the tax for the Metropolitan Transportation Authority.
What is MTA payroll tax?
The MTA payroll tax rate is 0.34% of an employer’s payroll expense for all covered employees for each calendar quar-ter. All the payroll expense for a covered employee is subject to the tax even if the covered employee works both within and outside the MCTD.
Who pays MTA surcharge?
In addition, businesses that exercise a corporate franchise, do business, employ capital, own or lease property, or maintain an office in the Metropolitan Commuter Transportation District (MCTD), or derive receipts (of $1 million or more in a tax year from activity in the MCTD) are subject to the metropolitan …
Who pays NYC commuter tax?
Is there a NYC commuter tax?
Who must pay Mctmt?
Do I need to pay Mctmt?
Who has to pay MCTMT? Employers, not employees, are required to pay MCTMT. As of April 1, 2012, employers now pay MCTMT only when their payroll expense per quarter is in excess of $312,500.
Do I have to pay Mctmt tax?
Who has to pay MCTMT? Employers, not employees, are required to pay MCTMT. As of April 1, 2012, employers now pay MCTMT only when their payroll expense per quarter is in excess of $312,500. Please refer to the New York State Department of Taxation and Finance for more information.