Business Profits Tax

Business Profits Tax is a tax levied on the earnings or profits that companies make from their operations. When a business sells goods or services, the income generated is considered profit after deducting expenses like salaries, materials, and overhead costs. Governments impose this tax to generate revenue for public services. The rate of the tax can vary by country and is often influenced by factors like business size and industry. Essentially, it's a way for governments to collect funds based on the financial success of businesses operating within their jurisdiction.