Definition
Corporate tax is a direct tax imposed on the profits earned by corporations or businesses operating within a particular jurisdiction. Corporate tax rates may vary depending on factors such as the company's income level, business structure, and location. Corporate taxes contribute to government revenue and are used to fund public services and infrastructure.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.