Practical Guide To Corporate Taxation
Author | : Felix Stremming |
Publisher | : |
Total Pages | : 62 |
Release | : 2021-08-11 |
ISBN-10 | : 9798454452391 |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Download or read book Practical Guide To Corporate Taxation written by Felix Stremming and published by . This book was released on 2021-08-11 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: A corporate tax is a levy which the government imposes on the income of a company. The money collected from corporate taxes is used as the source of revenue for a country. The operating earnings of a company are determined by deducting costs from the cost of the product sold (COGS) and income depreciation. Businesses Taxed as Corporations The rules you must use to determine whether a business is taxed as a corporation changed for businesses formed after 1996. The business was formed before 1997. A business formed before 1997 and taxed as a corporation under the old rules will generally continue to be taxed as a corporation.