GILTI

Request for Feedback: Division Releases Guidance on Sourcing of GILTI and FDII

Jan04,2019

The NJ Division of Taxation recently released Technical Bulletin 85 (TB-85), which provides guidance on how the Division will treat Global Intangible Low-Taxed Income (GILTI) and Foreign Derived Intangible Income (FDII), under New Jersey’s Corporation Business Tax (CBT). Specifically all CBT taxpayers, filing a CBT-100 or BFC-1, will calculate the portion of GILTI and FDII […]

NJBIA Statement on Governor’s Action on Corporation Business Tax Bill

Oct04,2018

By NJBIA 1 Comment

NJBIA President & CEO Michele N. Siekerka, Esq. issued the following statement Thursday regarding Gov. Phil Murphy’s action on A-4495, which revises the Corporation Business Tax. “We are extremely disappointed the governor has signed A-4495 into law, which extends well beyond the intended cleanup of the Corporation Business Tax (CBT) legislation passed in July and will […]

GILTI

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