A tax on the profits of firms, as distinct from taxation of the incomes of their owners. There are strong arguments for having separate income tax schemes for firms and individuals the system of allowances and progressive tax rates appropriate for a tax on individual incomes is quite different from a sensible scheme for taxing firms.

The tax owned by the company according to the tax regulations and its net profit before tax.

The sum of net company tax, non-residents withholding tax (NRWT) and foreign dividend withholding payments (FDWP).

This is the tax paid by corporates or firms on the incomes they earn.

refers to the tax paid by corporates or firms on the incomes they earn.

Corporate tax refers to a direct tax levied by various jurisdictions on the profits made by companies or associations. As a general principle, this varies substantially between jurisdictions. In particular allowances for capital expenditure and the amount of interest payments that can be deducted from gross profits when working out the tax liability vary substantially.