My Flynth

Reduction of corporation tax

 

 

The rate of corporation tax will be reduced in three annual stages: As from 2019, the lowest tax bracket in corporation tax (taxable profits up to € 200,000) is taxable at 19% and the highest tax bracket (from € 200,000) is taxable at 24.3%. As at 2020, tax rates will be 17.5% and 23.9% respectively. In 2021 the rates will be 16% and 22.25% respectively. This corporation tax rate reduction will mainly benefit small and medium-sized enterprises. Large enterprises in particular benefit from abolition of the dividend tax.

Please note!

Please note!

Try to bring costs forward by creating a provision and delaying revenues by creating a reinvestment reserve.