Additionally, the employer is required to pay the Business OPT at a rate of $4.00 per month for each owner, partner, or manager engaged in business in Denver ...

Each taxable employee is liable for the employee OPT, which is withheld by the employer at a rate of $5.75 per month. The employer is also required to pay the ...

Denver Occupational Privilege Tax. In Denver, any employee who earns more than $499 per month in a given month is considered taxable for that month, at a rate ...

13 окт. 2022 г. · The employee OPT is $5.75 per month. You will withhold this amount from each qualifying employee's wages.

24 июн. 2024 г. · Employees in Denver making more than $500 per month are liable for $5.75 per month in occupational privilege tax. Employers must contribute four ...

Five cities in Metro Denver assess an occupational tax on all people working in that city who earn a determined amount in monthly salary.

What to include. Explanation of overpayment. Documentation to support. Payroll journals that tie to original return to show tax was remitted,.

The Occupational Privilege Tax (OPT), used by Denver, Colorado, and many of its surrounding communities, is a tax levied on employees and employers.

Occupational Privilege Taxes in Colorado are essentially a “head tax” that is levied on most workers within jurisdictions that have the tax.