Business Tax Types: Withholding Tax

This information is designed to assist business people and people thinking about operating a business in Oklahoma. What follows is meant to be basic, introductory information and should not be considered the final word in business taxes in Oklahoma. For further information, please contact one of our Taxpayer Assistance Offices or attend one of our Business Tax Workshops.

Income tax withholding schedules provide graduated tax rates to be withheld by employers each pay period, giving considerations to a wage earner's marital status and the number of withholding allowances claimed.  These withholding rates are designed to cover the approximate tax that will be due for taxpayers with standard deductions.  The withholding tax is remitted monthly by companies withholding more than $500 per quarter.   Companies withholding less than $500 remit on a quarterly basis.  All companies remitting withholding tax of $10,000 or more per month are required to file and remit according to the Federal semi-weekly schedule.

All companies remitting an average of $5,000 or more per month in taxes in the previous fiscal year shall file returns through the Tax Commission's QuickTax program.