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Exceeding revenue limit costs small taxpayers the 9% CIT rate for the whole year
๐Ÿ“ˆ Business

Exceeding revenue limit costs small taxpayers the 9% CIT rate for the whole year

A small taxpayer who exceeds the statutory revenue threshold in a given year loses the right to the preferential 9% corporate income tax rate for the entire tax year, regardless of the total income earned. The loss of the rate applies in the annual settlement for the year in which the limit was crossed.

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