Michigan Treasury Issues Updated Sales, Use, Withholding Tax FAQs

The Michigan Department of Treasury May 1 issued updated withholding tax frequently asked questions (FAQs) for corporate income, individual income, and sales and use tax purposes. The FAQs include that: 1) the payroll withholding tax rate for 2023 is 4.05 percent; 2) nonprofit organizations, such as charitable, religious, and governmental organizations, are required to withhold state income tax; 3) a taxpayer must file returns within its established filing frequency, even if no tax is due, if they are registered to pay a tax; 4) the tax year for sales and use tax and withholding tax purposes is from Jan. 1 ...