Offers a digitized version of Income Tax Law No. 91 , specifically focusing on sections related to determining the tax base. Key Accounting Bases in Law 91 of 2005
The law originally restructured tax rates into tiers, often capped at 20% for many corporate and individual entities at the time of its inception. Offers a digitized version of Income Tax Law No
Taxable profit is based on gross profit minus all "necessary" costs and expenses. Offers a digitized version of Income Tax Law No
The 2005 law established specific rules for how "taxable income" is calculated, moving away from subjective estimates to documented accounting: Offers a digitized version of Income Tax Law No