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Business and Corporate

Here you will find information about the various taxes for businesses and corporations operating in Vermont. If you are doing business in Vermont, you are likely subject to one or more taxes depending on your business activities and legal structure.

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Taxes can be complex, and we are here to help you navigate Vermont’s taxes, whether you are just starting your business or have been operating for years. Our business center and industry guidance provide information and tools to help you get started.

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Annual Income Tax Returns

Almost all businesses that have any operations or activity in Vermont are required to file an annual income tax return, the filing of which generally coincides with federal/IRS reporting requirements.

C-Corporations and LLCs that elect to be taxed as corporations and certain nonprofit organizations are subject to Vermont’s corporate income tax laws and provisions, and file the Form CO-411, Corporate Income Tax Return and related schedules.

Pass-through entities including S-Corporations, Partnerships, and LLCs that elect to be taxed as Partnerships or S-Corps are subject to Vermont’s business income/business entity tax laws and provisions, and file Form BI-471, Business Income Tax Return and related schedules.

There are some exceptions for certain financial service, insurance, and banking institutions. These businesses are generally required to file different returns or reports, and pay tax based on premiums or deposits.