The Enterprise Tax Act, 643: Difference between revisions
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→Article 3 - The Kodiak Revenue Directorate: Again, critical wording missing which made Article 3 nonsensical. Per "Taxation Revision Resolution".
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(→Article 3 - The Kodiak Revenue Directorate: Again, critical wording missing which made Article 3 nonsensical. Per "Taxation Revision Resolution".) |
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''An act to fund public programs and other necessary government expenditure through a levy on the profits of general enterprise.''<br>
''
''AMENDED 16 April 2023 by the [[Taxation Revision Resolution]].''<br>
''AMENDED 16 September 2023 by the [[Business Relief Resolution, 658]].''
==Article 1 - The Corporation Tax==
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:2.2 - Permits a one-to-one deduction of capital losses to present capital gains if such capital losses were accrued within the previous three financial years.
:2.3 - The Capital Gains Tax Rate shall be set at 25% of total reported capital gains after deductions.
==Article 3 - Diverted Profits Tax==
:3.1 - Creates a tax levied on estimates regarding large, multinational companies profits earned in this country, regardless of their actual reporting.
:3.2 - The Kodiak Revenue Directorate (KRD) is responsible for creating estimates on these companies and enforcing them with respect to the corporation tax.
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