Corporation tax definition: a British tax on the profits of a company or other incorporated body. See examples of CORPORATION TAX used in a sentence.
corporation tax.Definition of "corporation tax" is presented. It refers to taxation imposed on the assessable profits of business enterprises.EBSCO_bspInternational Dictionary of Finance Edition
Define corporation. corporation synonyms, corporation pronunciation, corporation translation, English dictionary definition of corporation. n. 1. An entity such as a business, municipality, or organization, that involves more than one person but that has
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• It also offered a complete exemption of corporation tax for 10 years from the start of operations.• Let us now consider the effect of the corporation tax.• However, when the loan is repaid, the company is entitled to a refund of the corporation tax.• Because the money is ...
Define mainstream corporation tax. mainstream corporation tax synonyms, mainstream corporation tax pronunciation, mainstream corporation tax translation, English dictionary definition of mainstream corporation tax. n the balance of the corporation tax fo
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Tax Benefits Despite the fact that some corporations (C companies) are vulnerable to double taxation, other corporate structures (S corporations), depending on how their income is allocated, may offer tax advantages. S firms, for instance, have the luxury of dividing their income between the comp...
ADVANCE CORPORATION TAX DefinitionADVANCE CORPORATION TAX (ACT) is a UK Corporation tax, required under UK tax rules. It represents a minimum tax on companies that earn most of their profits overseas. Learn new Accounting TermsTEMPORARY ACCOUNT see NOMINAL ACCOUNT.BAY, in business / accounting, ...
For example: “The nonprofit corporation was granted tax-exempt status due to its educational mission.” 2 Videos The educational videos featured on our partner YouTube channel,Marketing Business Network, offer explain the meanings of‘Corporation’and‘Corporate Tax,’utilizing easy-to-understand langu...