No 30% CIT reduction this year without 2019 revenue

No 30% CIT reduction this year without 2019 revenue

Companies that generated no revenue in 2019 will not be eligible for a 30% reduction in corporate income tax for 2021 since there is no benchmark to determine revenue decline in the year, according to tax authorities.

KPMG - Mon, Dec 22, 2021 | 11:30 am GMT+7