Good day,
I would like to find out if a company with a turnover less than a million needs to pay corporate tax in it first year trading?
Thanks,
Good day,
I would like to find out if a company with a turnover less than a million needs to pay corporate tax in it first year trading?
Thanks,
Yes tax has to be paid. From my understanding certain businesses can apply for small business tax which is a reduced rate. Not sure how this is determined thou.
I am sure and accountant on the forum will assist
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