Form MTQ Quarterly Meals and Beverage Tax Return - Rhode Island

What Is Form MTQ?

This is a legal form that was released by the Rhode Island Department of Revenue - Division of Taxation - a government authority operating within Rhode Island. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form MTQ?A: Form MTQ is the Quarterly Meals and Beverage Tax Return in Rhode Island.

Q: Who needs to file Form MTQ?A: Businesses in Rhode Island that sell prepared meals and beverages are required to file Form MTQ.

Q: What is the purpose of Form MTQ?A: The purpose of Form MTQ is to report and remit the meals and beverage tax collected by businesses in Rhode Island.

Q: When is Form MTQ due?A: Form MTQ is due on a quarterly basis, with the due dates falling on the 20th of the following months: April, July, October, and January.

Q: Is there a penalty for late filing of Form MTQ?A: Yes, there is a penalty for late filing of Form MTQ. The penalty is 10% of the amount due or $50, whichever is greater.

Q: Are there any exemptions or deductions available on Form MTQ?A: Yes, there are certain exemptions and deductions available on Form MTQ. Businesses should consult the instructions provided with the form for more information.

Q: What happens if I don't file Form MTQ?A: Failure to file Form MTQ can result in penalties and interest charges, as well as potential legal action by the Rhode Island Division of Taxation.