Employer Withholding

Tax Rate & Interest Rate

  • Current Tax Rate: 2%
  • The interest rate is calculated based on the federal short-term rate plus 5%. The rates are as follows:
    • Calendar Year 2020: 7% per year or 0.58% per month
    • Calendar Year 2021: 5% per year or 0.42% per month
    • Calendar Year 2022: 5% per year or 0.42% per month

Related Documents

  1. Filing Frequency
  2. Due Dates
  3. Penalties & Interest

Monthly: Taxes required to be deducted and withheld shall be remitted monthly to the Tax Department, if the total taxes deducted and withheld or required to be deducted and withheld by the employer, agent, or Other Payer on behalf of the City of Piqua in the preceding calendar year exceeded $2,399, or if the total amount of taxes deducted and withheld or required to be deducted and withheld on behalf of the City of Piqua in any month of the preceding calendar quarter exceeded $200. Payment shall be made so that the payment is received by the Tax Department not later than fifteen days after the last day of each month.

Quarterly: Any employer, agent of an employer, or Other Payer not exceeding the thresholds stated above shall make quarterly payments to the Tax Department not later than the last day of the month following the end of each calendar quarter.