Effective for tax years beginning on or after January 1, 2015, the general corporation tax (GCT) only applies to subchapter S corporations and qualified subchapter S subsidiaries under the U.S. Internal Revenue Code.

Effective for tax years beginning on or after January 1, 2015, the GCT only applies to Subchapter S Corporations and Qualified Subchapter S Subsidiaries under the U.S. Internal Revenue Code.

The General Consumption Tax (GCT), which commenced on October 22, 1991, simplified and modernised the Jamaican indirect tax system. The GCT replaced the following eight (8) taxes:

Tax Administration Jamaica (TAJ) is advising individual taxpayers, including selfu0002employed or employed persons, that they can benefit from the Residential Solar Photovoltaic Systems Credit (RSPSC).

General Corporation Tax is computed by four different methods and is imposed at whichever method produces the largest amount of tax. Entire net income base = 8.85% of “net income allocated to New York City"; OR

The General Corporation Tax (GCT) must be paid annually by all domestic and foreign corporations that engage in any of the following activities in New York City during the calendar or fiscal year:

2024年1月1日 · For tax years beginning on or after January 1, 2015, a new corporate tax applies to corporations and banks, other than federal S-corporations, that do business in New York City. Starting in 2022, corporations that derive receipts of $1 million or more are also subject to tax. The new tax is being referred to as the business corporation tax.

Payroll Tax Type Motor Vehicle & Driver's Lic. Provisional Driver's Lic. Rates and Fees Refunds TCC TRN FATCA GCT on Government Purchases Direct Banking Direct Funds Transfer Withholding Tax Transfer Pricing Charities Garnishment Policy

§ 11-03 Corporations Subject to Tax. (a) General. (1) The tax is imposed on every domestic and foreign corporation, with specified exceptions, whose activities include one or more of the following: (i) doing business in New York City in a corporate or organized capacity or in a corporate form; or.

To claim the credit for New York City GCT paid, you must complete Form IT-222 using the information obtained from your New York S corporation, QSSS, or estate or trust (for beneficiaries), and submit Form IT-222 with your return. See the instructions for your tax return for the Privacy notification or if you need help contacting the Tax Department.