Limited and joint stock companies that will make corporate tax payments do not make their payments as a unit. Let’s take a look at this through an example.
Let’s say you are a joint stock company that is liable to pay corporate tax and you have more than one branch. While paying corporate tax, you do not have to pay tax separately for each of your branches. Generally, joint stock and limited companies pay corporate tax on the common income of all units affiliated to the company.
What Happens if Corporate Conduct
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The differences between corporate tax and income tax are among the subjects that taxpayers are most curious about. Corporate tax is know as a type of tax that must be pai by a corporation in corporate Lebanon Email List status, that is, a joint stock company or a limite liability company. Personal taxes, on the other hand, are calle taxes on income. In other words, individuals and businesses that own sole proprietorships pay income tax instead of corporate tax
Corporate tax is calculated over the total earnings of those who are liable to pay taxes in a calendar year. A certain amount of additions are made to the total earnings of the institutions in a one-year period by the Revenue Administration, in other words by the Revenue Administration.
The tax rate determined by the Revenue Administration may differ from year to year. For example, the corporate data, which is 22% in 2020, may increase to 25% in 2021.
While calculating the corporate tax, the temporary taxes pai by the enterprises every 3 months in a calendar year are deducte as an expense and the corporate tax to be pai by the institutions is calculate at the end of the year.
How to Calculate Corporate Tax
For example ; Let’s assume that you are a company that pays 1000 TL temporary tax every 3 months in 2020, that is 4 times Phone Number BR a year, and let’s assume that the corporate tax you have to pay is 14000 TL. The total corporate tax you have to pay at the end of the year;
What are the earnings subject to corporate tax?
It is know that individuals and businesses that will pay corporate tax pay this type of tax from certain commercial earnings. The earnings subject to corporate tax are as follows.