Business Gross Revenue Tax
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An annual tax is imposed upon the gross revenues earned by every business at graduated rates of 0-5%. In general, any Business Gross Revenue Tax (BGRT) paid on gross revenues sourced within the CNMI is allowed as a non-refundable credit against the NMTIT. BGRT taxes are to be paid and filed along with a return on a quarterly basis. Special BGRT rates apply to agricultural producers and fisheries, manufacturers, wholesalers, and financial institutions. Additionally, any goods, resources, food, or agricultural products manufactured or produced in the CNMI which are delivered outside the CNMI are exempt from the BGRT.
| Annual Gross Revenues | Rate | | $ -0- to $5,000 | No Tax | | 5,001 to 50,000 | 1.5% of amount over -0- | | 50,001 to 100,000 | 2% | | 100,001 to 250,000 | 2.5% | | 250,001 to 500,000 | 3% | | 500,001 to 750,000 | 4% | | Over 750,000 | 5%** |
Agricultural producers are taxed at 0% gross revenues less than $20,000 and 1% gross revenues exceeding $20,000.
** Financial Institutions taxed at greater of 5% net income or 3% gross revenues. ** Manufacturers and Wholesalers taxed at maximum of 2% of gross revenues. Back
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