According to an announcement from the Ontario Trucking Association, the state of New Jersey has seized more than 30 trucks this week for failure to pay the state Corporate Business Tax (CBT).
The tax applies to all trucking companies that pickup or deliver in the state, regardless of wether or not the carrier has a terminal in the U.S. or not.
The Canadian Trucking Alliance is working with the New Jersey Division of Taxation and beginning November 15, 2014, to December 30, 2014, Canadian Trucking Association members will be able to register their business and file their taxes.
Under the agreement, Canadian Trucking Association members who participate in the Voluntary Disclosure Program will be eligible for “favorable terms.”
The Voluntary Disclosure Program offers lat filing and late payment penalty relief. The program will also ensure that “no enforcement action will be taken by New Jersey investigators should the tax payer be uncovered while conducing compliance initiatives at weigh stations or checkpoints.”
From the Ontario Trucking Association:
The general guidelines to be eligible for the Voluntary Disclosure Program are:
- No previous contact with the Taxpayer by the Division or any of its Agents;
- Taxpayer is not registered for the taxes they wish to come forward on;
- Taxpayer is not currently under any criminal investigation.
- Taxpayer must be willing to pay outstanding tax liabilities and file the prior year returns within a reasonable period.