D&W Taxes Services

Corporate Income Tax

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What are Corporate Income Tax?

Corporate Income Tax refers to the tax levied on the profits earned by corporations or businesses. It’s based on their taxable income, which includes revenue from operations, investments, and other business activities. This tax is calculated after deducting allowable expenses, deductions, and credits from the company’s gross income. Corporate Income Tax is a crucial financial obligation for businesses, ensuring contributions to government revenue.