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Corporate tax is a tax on the profits of corporations ( joint stock companies) . This tax can be collected according to a progressive scale of taxation ( for example, in the U.S.) that provides the several multiple levels of profits and the use of the increasing ( progressive ) tax rates for each subsequent level , and on the plane scale, where one and the same tax rate applies to all levels of income ( as, for example income tax on individuals in Russia) .

Simply put: Direct taxes are those, such as income tax or corporation tax, that are levied directly on the tax payer by means of some process of assessment.

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9y ago
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3d ago

Yes, corporate tax is considered a direct tax. It is paid directly by corporations on their profits to the government.

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Q: Is corporate tax direct tax
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Related questions

Is income tax a direct tax or indirect tax?

As many people know, the state and federal government level taxes are the direct form of taxation;for example, corporate taxes are another form of direct tax--those taxes levied against income earned by corporations. soc sec , medicare, estate and gift taxes are more types of direct tax, as is the income tax charged by the state you live in. The simple definition of a direct tax is one that you have no choice in paying.


What are some corporate tax software?

A couple of good corporate tax software programs are: Complete Tax and Sabrix. Taxwise and ATX are good corporate tax programs for smaller businesses.


Is wealth tax a direct tax or indirect tax?

direct tax


Why are corporate tax rates higher than individual tax rates?

Corporate tax rates tend to be lower than individual tax rates.


What is the term for a tax levied on individual and corporate earnings?

Personal income tax or corporate income tax, it's not that hard to figure out


Is toll tax direct OR indirect tax?

Toll tax is a direct tax


Which tax leads to double taxation?

corporate tax


What is the difference between direct tax and non-direct tax?

difference b/w direct tax and indirect tax


Corporate tax rate?

The corporate tax structure is progressive; the more that a corporation makes, the higher the tax bracket. Tax rates start at 15% and top out at 35%.


Is capital gains tax direct or indirect tax?

direct tax


What is a company that produces corporate tax software?

The professional tax software products from CORPTAX are the most comprehensive, integrated professional tax software solutions in the industry. Their corporate tax software helps tax departments with domestic and international tax compliance, FIN 48 and FAS 109 tax provision, tax workflow automation, and corporate tax planning.


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The two examples of direct tax is Income tax and Wealth tax.