Washington DOR Announces New B&O Tax Rate for Payment Card Processing

The Washington Department of Revenue (DOR) announced a new business and occupation (B&O) tax rate of 3.1 percent for payment card processing activities effective Jan. 1, 2026. The DOR provides information on payment card processing activities, allowable deductions, and whether all such activities are subject to the new classification. [Wash. Dep’t of Revenue, Special Notice, 10/28/25]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.