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Is corporate taxation different depending on type of legal entity? |
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Written by Universal CPA
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Tuesday, 12 February 2008 15:06 |
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No matter it is a local, a foreign invested, or a foreign branch company, the corporate tax is the same. The only difference for a foreign branch is that it doesn’t have to care about the “dividend distribution” issue (since it is not an independent co.), and no 10% dividend holding tax, which will be levied for the other two types of company in case they don’t want to distribute their yearly retained earnings.
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Last Updated on Wednesday, 05 March 2008 10:21 |
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