Corporate taxes are an important source of financing government expenditures, and are imposed on the profits made by
companies.
Corporate tax laws vary from state to state, but there are some general aspects they may include:
Tax on profits: It is imposed on the profits achieved by the company after deducting costs and expenses. The tax rate is
determined based on the tax legislation of the country in question.
International Taxes: There may be laws affecting companies operating internationally, such as international income taxes
and tax governance agreements to avoid being overly stringent or redundant.
Sales Taxes: Sometimes, businesses have to pay taxes on the sales or services they provide.