Corporation tax defined as a company-payable income tax excluding agricultural income and disallowing dividend-related deductions. Corporation tax denotes any tax on income payable by companies that excludes agricultural income, forbids deduction of tax paid from dividends payable to ... Summary
Corporation tax defined as a company-payable income tax excluding agricultural income and disallowing dividend-related deductions.
Corporation tax denotes any tax on income payable by companies that excludes agricultural income, forbids deduction of tax paid from dividends payable to individuals under applicable enactments, and contains no provision to take that tax into account when computing the total income or income-tax liability or refund of individuals receiving such dividends.
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