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Do you pay tax on a negative profit?

Posted 23 February 2016

Prov said:
23 February 2016 at 17:41

What percentage of your company profits do you pay to tax, if you didn't make any profit and ended in a negative, do you still pay tax?

TaxTim Nicci TaxTim Nicci said:
23 February 2016 at 22:58

No you will not pay tax if no profits are made. Tax for companies is at 28% of profits.

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