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INTERNATIONAL OLIVE COI/T.15/NC No 3/Rev. 11 July 2016 ENGLISH Original: FRENCHCOUNCILPrncipe de Vergara, 154 28002 Madrid ESAA Telex.: +34 915 903 638 Fax: +34 915 631 263 email: IOC internationaloliveoil.org
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What is coit?
Coit stands for City Occupational Income Tax.
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Individuals who work in a city where a City Occupational Income Tax is imposed are required to file coit.
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The purpose of coit is to collect income tax from individuals working within a city's limits.
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Coit requires reporting of income earned within the city, deductions, and any applicable tax credits.
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