Tax rates on corporate assets and distributions set for gross assets, dividends, branch profits, and net wealth thresholds. The schedule prescribes rates for non-income company taxes: a differentiated Tax on Gross Assets with a lower fixed rate for banking companies and a ... Summary
Tax rates on corporate assets and distributions set for gross assets, dividends, branch profits, and net wealth thresholds.
The schedule prescribes rates for non-income company taxes: a differentiated Tax on Gross Assets with a lower fixed rate for banking companies and a higher fixed rate for other companies on gross assets as at financial year end; a fixed-rate Tax on Dividends Distributed on dividends declared by a domestic company; a fixed-rate Tax on Branch Profits; and a Tax on Net Wealth that is nil up to the valuation threshold and levied at a specified percentage on the excess.
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