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Small taxpayer loses entire 9% CIT rate for the year after exceeding revenue cap
๐Ÿ“ˆ 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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