Sep 25, 2023
4% Withholding on Out-of-State Suppliers
Written by Andrew Coats. This month’s Finance Division Knowledge Base topic spotlight is on North Carolina’s 4% withholding tax rate on out-of-state suppliers. The North Carolina 4% Withholding Tax is levied upon nonresidents of North Carolina (includes U.S. nonresident aliens) for: The 1997 session of the General Assembly enacted legislation, General Statute 105-163.3, which requires…