CNMI Department of Finance - Revenue & Taxation
Division of Revenue and Taxation tax forms and publications are available here.
Department of Finance personal exemption verification program
As part of the Commonwealth tax enforcement effort, the Department of Finance is implementing a personal exemption verification program. The focus of this program will be to require individuals who are claiming an unusually high number of exemptions to justify these exemptions. Taxpayers found to be in violation of regulations are subject to fines and or penalties. Details here.
About the Division of Revenue and Taxation
The following subsections of chapter 70-40 of the Commonwealth Administrative Code pertain to regulations for the Division of Revenue and Taxation. Note that these regulations do not incorporate any changes made pursuant to Public Law 14-35. The Division of Revenue and Taxation is currently working on amending the regulations to incorporate the provisions of Public Law 14-35, the Tax Reform Act of 2004:
- 70-40.1 Business License Regulations
- 70-40.2 Cash Receipts and Compliance Regulations
- 70-40.3 Developer Tax Regulations
- 70-40.4 Overtime or Compensatory Time Worked Service Credit Regulations
- 70-40.5 Operation of Pachinko Slot Machines Rules and Regulations
- 70-40.6 Revenue and Taxation Regulations
- 70-40.7 Third Senatorial District Viewers Tax Regulations
Chapter 70-40 in its entirety is available here.
Changes for Tax Year 2007 (historic):
This is to advise all employers that the Division of Revenue and Taxation, Department of Finance will be enforcing the requirement for a complete and accurate reporting of all information in the Annual Wage and Salary Statement, Form (W-2CM) for tax year 2007. In the past, employers have not fully complied in providing accurate information on the following:
- Box d: Employee Social Security No.
- Box i: Citizenship code
- Box j: SIC (Standard Industry Code)
- Box k: SOC (Standard Occupation Code)
All information required in Form W-2CM constitutes the completeness and accuracy of the form being submitted including the Social Security no., SIC, and SOC. The CNMI has a critical need in obtaining accurate data as to the citizenship, occupation and industry of its workforce. All employers are required to use the appropriate codes as provided by the Division of Revenue and Taxation. These codes are available in the published scheules.
Accordingly, penalties will be enforced for incomplete and/or incorrect information provided, to wit: social security no., citizenship code, SIC and SOC as well as other information required on the Form W-2CM.
To assist employers in the foregoing requirements, the Division of Revenue and Taxation will conduct two sessions of its annual year-end seminar on Monday, December 17, 2007. The first seminar will be from 8:00 a.m. to 11:00 a.m. and the second will be from 1:00 p.m. to 4:00 p.m. at the Pedro P. Tenorio, Multi-Purpose Center in Susupe.
The seminar will also cover important compliance rules and instructions pertaining to the filing of Forms W-2CM, Wage and Tax Statement; OS-3710, Annual Reconciliation of Taxes Withheld; W-2G, Gambling Statement, and the Magnetic Filing requirements of these forms.
Businesses, employers and all payroll service companies are encouraged to attend. Please confirm your attendance by calling the Administration Office of the Division of Revenue and Taxation at telephone numbers 664-1000/1 or fax at 664-1015.