Washington DOR Publishes Guidance on B&O Tax for Director Fees

The Washington Department of Revenue (DOR) published guidance clarifying that director fees received by individuals from corporations for serving on their boards are subject to Washington’s Business and Occupation (B&O) tax. The guidance provides details on reporting requirements, apportionment rules for multistate directors, registration thresholds, and options for corporations to report and pay the tax on behalf of directors. [Wash. Dep’t of Revenue, Tax Topics - Director fees subject to Business and Occupation (B&O) tax, 03/01/25]

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