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Rhode Island Department of Revenue, Rhode Island Tax

We’re Just Not Annoying®

RHODE ISLAND BUSINESS CORPORATE TAX, RHODE ISLAND PERSONAL INCOME TAX, RHODE ISLAND SALES TAX RATES

What are the Rhode Island corporate net income tax rates?

9% of net taxable income or $2.50 for every $10,000 of authorized capital stock, whichever is greater.

There is a minimum franchise tax payment of $500.

Otherwise called the Rhode Island Business Corporation Tax.

Must be paid for LLCs and S corporation elections as well as C corporations.

What are the Rhode Island personal net income tax rates?

0-33,950 3.75%
33,950-82,250 7%
82,250-171,550 7.75%
171,550-372,950 9%
372,950 + 9.9%

What is the average Rhode Island sales tax rate?

7%

Are there standard deductions?

Single: $5,450
Joint: $9,100

Are there personal exemptions?

Single: $3,500
Dependents: $3,500

What forms do you file for your Rhode Island taxes?

Rhode Island corporations: Form AR1100CT
S corporations: Form RI-1120S
Partnerships: Form RI-1065
Individual: Form RI-1040

To learn more about nonprofit filings, see our Rhode Island nonprofit corporation page.

Estimated tax payments?

Form RI-1040-ES is filed for personal estimated taxes. Rhode Island follows the IRS standards for estimated payments. If you will owe $250 or more in tax for the current year, you are required to make 90% of the tax due, over quarterly payments. It has to be at least 100% of the previous year, even if you think you won’t make as much in the current year.

Rhode Island Department of Revenue:

State of Rhode Island Division of Taxation
One Capitol Hill
Providence , RI 02908
P: 401-574-8829
Website:  http://www.tax.state.ri.us/

If you use Northwest Registered Agent as your Rhode Island LLC or corporation, receive notification reminders to file your annual reports on time, annual tax reminders, and new State information reminders. All for a low annual flat rate fee of $125 a year. We also help incorporate new Rhode Island businesses for only $100.

Corporate Compliance
by Local Corporate Guides®