The Enterprise Tax Act, 643: Difference between revisions
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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>
''Passed 26 July 2022 with 14 Aye, 4 Nay, 2 Abstain.''
''Amended 16 April 2023 by the Taxation Revision Resolution''
==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 - The Kodiak Revenue Directorate==
:3.1 - The Kodiak Revenue Directorate (KRD) is responsible for creating estimates on these companies and enforcing them with respect to the corporation tax.
==Article 4 - Payroll Tax Rate==
:4.1 - Sets the Payroll Tax to 5%.
:Article 3 added by the [[Taxation Revision Resolution]]
:Article 4 added by the [[Taxation Revision Resolution]]
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