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๐ Business
Small taxpayer loses entire 9% CIT rate for the year after exceeding revenue cap
A small taxpayer who exceeds the statutory revenue threshold loses the right to the preferential 9% CIT rate for the entire tax year, regardless of actual profit earned. The legislature is entitled to restrict benefits that are exceptions to the general tax rule. Even a marginal breach of the limit triggers a return to the standard 19% rate for the full year.
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