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有關Account income tax的問題
What does income tax mean?
- GaryLv 71 十年前最愛解答
First of all, corporation does not pay income tax at all as income tax is for personal only. Income tax means a tax on taxable income, which is calculated based on different qualifying income minus qualifying exemption.
For corporation, it is called profit tax or corporation tax.
A corporation losing money in the year does not mean no tax liability. Taxable profit is based on qualifying profit minus qualifying expenditure. Therefore, there is a possibility that a corporation made loss and still liable for tax because the loss is not qualified for deduction.
- 1 十年前
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