The Inflation Reduction Act of 2022 created the corporate alternative minimum tax (CAMT), which imposes a 15% minimum tax on the adjusted financial statement income (AFSI) of large corporations for taxable years beginning after Dec. 31, 2022.

2023年12月15日 · The Inflation Reduction Act created the CAMT, which imposes a 15% minimum tax on the adjusted financial statement income (AFSI) of large corporations for taxable years beginning after Dec. 31, 2022. The CAMT generally applies to large corporations with average annual financial statement income exceeding $1 billion.

The BMT is effective for tax years beginning after December 31, 2022. This provision imposes a 15% minimum tax on adjusted financial statement income (AFSI) for corporations with average annual AFSI over a three-tax year period in excess of $1 billion.

2024年9月17日 · The CAMT was created by the Inflation Reduction Act of 2022 to impose a 15% minimum tax on the “adjusted financial statement income” (AFSI) of an “Applicable Corporation” that meets an average annual AFSI test exceeding $1 billion. A different test applies to domestic members of a foreign-parented multinational group (FPMG).

2023年12月15日 · CAMT generally imposes a 15% minimum tax on the adjusted financial statement income (AFSI) of large corporations whose three-year average annual AFSI exceeds $1 billion (“applicable corporations”). The new guidance follows Notice 2023-64 [PDF 332 KB] , Notice 2023-42 [PDF 89 KB], Notice 2023-20 [PDF 112 KB] , and Notice 2023-7 [PDF 248 KB].

2023年9月28日 · The CAMT was created by the Inflation Reduction Act under a new version of Section 55, and generally applies to corporations with adjusted financial statement income (AFSI) exceeding an average of $1 billion over three years.

At a high-level, the CAMT generally imposes a 15% minimum tax on the adjusted financial statement income (AFSI) of corporations who are part of groups whose three-year average annual AFSI exceeds $1 billion (“applicable corporations”) and applies for tax years beginning after December 31, 2022.

The new Corporate Alternative Minimum Tax (CAMT) was signed into law on August 16, 2022, as part of the legislation commonly referred to as the Inflation Reduction Act. However, as the CAMT is now in effect, applying to tax years beginning after December 31, 2022, businesses should be considering the impact now.

2023年1月23日 · The CAMT applies only to applicable corporations with annual average adjusted financial statement income (AFSI) that exceeds $1 billion. For a corporation that is a member of a foreign-parented multinational group, the annual average AFSI must be over $1 billion for all members of the group and $100 million or more from only the U.S ...

The Inflation Reduction Act, enacted August 16, 2022, imposes a corporate alternative minimum tax (CAMT) on “adjusted financial statement income” (AFSI) of "applicable corporations." The CAMT is effective for tax years beginning after December 31, 2022.