Corporate Taxation

Corporate taxation refers to the taxes imposed on a corporation's profits by government authorities. When a company earns income, it must pay a percentage of that profit as tax, typically calculated based on net income after deducting expenses. This tax is distinct from individual income tax, which applies to personal earnings. Taxes collected from corporations contribute to public services and infrastructure. The rates and rules for corporate taxation can vary significantly between countries and can influence business decisions, such as where to operate and how to structure finances.