Apex business chamber Confederation of Indian Industry (CII) has in its wish list for the Union Budget 2024-2025 urged the government to maintain corporate tax rates at current levels to provide tax certainty for businesses. “Industry deeply appreciates the government’s move to maintain stability in tax rates despite the tumultuous economic and political developments in … Read more
Strong tax revenues, including another spike in corporate tax receipts, have boosted the Government’s financial position ahead of the budget.Exchequer returns published on Thursday by the Department of Finance show the Government collected €35.2 billion in taxes during the first five months of the year, 6 per cent or €2 billion more than the same … Read more
Fact: The small business corporate income tax rate in Newfoundland and Labrador has been reduced from 3 per cent to 2.5 per cent effective January 1, 2024.
The small business corporate income tax rate in Newfoundland and Labrador has been reduced from 3 per cent to 2.5 per cent effective January 1, 2024.