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There is no Washington state income tax for business entities and individuals. However, the state still collects a gross receipts tax of 1.5%.

Washington businesses are generally subject to the subsequent taxes:

  • Business and occupation (B&O) tax: Virtually all Washington businesses are subject to B&O tax; including businesses formed as corporations, LLCs, partnerships and sole proprietorships, whether they are nonprofit or for profit.
  • Retail sales tax: Generally, sales of tangible assets to consumers are subject to a retail tax. Retail tax is also levied on certain services such as escrow, title insurance, credit bureaus, etc.
  • Use tax: This tax is charged on the value of the goods and includes the cost of shipping, delivery or shipping fees paid to the seller.
  • Personal property tax: Personal property used in business is also subject to property tax, including furniture, equipment, and supplies. Tax rates for real estate and personal property are the same.

For more advice about Washington state business income tax, please contact us via Hotline +65 6591 9991 or email [email protected].

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