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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''PASSED 26 July 2022 with 14 Aye, 4 Nay, 2 Abstain.''<br> |
''PASSED 26 July 2022 with 14 Aye, 4 Nay, 2 Abstain.''<br> |
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''AMENDED 16 April 2023 by the [[Taxation Revision Resolution]].''<br> |
''AMENDED 16 April 2023 by the [[Taxation Revision Resolution]].''<br> |
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''AMENDED 16 September 2023 by the [[Business Relief Resolution, 658]].'' |
''AMENDED 16 September 2023 by the [[Business Relief Resolution, 658]].''<br> |
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''AMENDED 02 May 2024 by the [[Welch Tax Reform Resolution, 666]].<br> |
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==Article 1 - The Corporation Tax== |
==Article 1 - The Corporation Tax== |
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:1.1 - Enacts a flat levy upon all gross operating profits of an organisation or commercial enterprise with sales with the Kodiak Republic. |
:1.1 - Enacts a flat levy upon all gross operating profits of an organisation or commercial enterprise with sales with the Kodiak Republic. |
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:1.2 - The Corporation Tax Rate shall be set at |
:1.2 - The Corporation Tax Rate shall be set at 15% of total reported gross profitable revenue. |
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==Article 2 - The Capital Gains Tax== |
==Article 2 - The Capital Gains Tax== |
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:2.1 - Enacts a flat levy upon the net physical or financial capital income of an individual, organisation, or enterprise. |
:2.1 - Enacts a flat levy upon the net physical or financial capital income of an individual, organisation, or enterprise. |
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