Form PT-103 Tax on Residual Petroleum Product Businesses - New York

What Is Form PT-103?

This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form PT-103?
A: Form PT-103 is a tax form used by businesses in New York that deal with residual petroleum products.

Q: Who needs to file Form PT-103?
A: Businesses in New York that are engaged in the sale or distribution of residual petroleum products need to file Form PT-103.

Q: What is the purpose of Form PT-103?
A: The purpose of Form PT-103 is to report and pay the tax owed on residual petroleum products in New York.

Q: When is Form PT-103 due?
A: Form PT-103 is due on a quarterly basis, with the due dates being April 30, July 31, October 31, and January 31.

Q: What if I don't file Form PT-103?
A: Failure to file Form PT-103 or pay the tax owed can result in penalties and interest being assessed by the New York State Department of Taxation and Finance.

Q: Is Form PT-103 for businesses in both New York and Canada?
A: No, Form PT-103 is specifically for businesses in New York. Canadian businesses would have their own tax requirements.