New Hampshire Department Of Revenue, New Hampshire Tax

New Hampshire Business Corporate Tax, New Hampshire Personal Income Tax, New Hampshire Sales Tax Rates

What is the New Hampshire corporate net income tax rate?

8.5%

NH has two corporate taxes: the Business Profits Tax (BPT) and the Business Enterprise Tax (BET). The BPT rate is 8.5% of income for corporations with gross receipts over $50K. The BET rate is 0.75% on the enterprise value tax base (total compensation paid out, including dividends and interest). The BET is assessed on corporations with gross receipts over $150K or an enterprise value tax base over $75K.

What is the New Hampshire personal net income tax rate?

None. However there is a 5% tax on interest and dividend income.

What is the average New Hampshire sales tax rate?

No sales tax.

Are there standard deductions?

No deductions… Just a cheap income tax rate.

Are there personal exemptions?

No exemptions, just a low income tax rate of 5%.

What forms do you file for your New Hampshire taxes?

New Hampshire C corporations:   Form NH-1120 + NH1041 BPT tax
S corporations:  Form NH DP-120 + NH1041 BPT tax
Partnerships:  Form NH 1065 + NH1041 BPT tax
Individual (New Hampshire LLC members):  Form DP-10

For information about nonprofits, see our New Hampshire Nonprofit Corporation page.

Estimated tax payments?

Form DP-10ES. New Hampshire follows the IRS standards for estimated payments. If you will owe $500 or more, personally in tax for the current year, you are required to make 90% of the tax due, over quarterly payments. It has to be at least 100% of the previous year, even if you think you won’t make as much in the current year.

New Hampshire Department of Revenue:

If you use Northwest Registered Agent as your New Hampshire registered agent, you’ll have an online account to track your company in, receive notification reminders to file your annual reports on time, annual tax reminders, and new State information reminders. All for a low annual flat rate fee of $125 a year. We also help incorporate new New Hampshire businesses for only $100.