What is Business Income Tax (BIT) & Corporate Income Tax (CIT)
What is Business Income Tax (BIT) & Corporate Income Tax (CIT)?
|Corporate Income Tax (CIT)
& Business Income Tax (BIT)
are levied on the net profit of companies and businesses.
Every business or company must register with the Regional Revenue & Customs Office where the business is situated within 30 days from the date of obtaining any license from the Ministry of Trade & Industry.
Business Identifier Code
Any changes in the details of registration must be reported to the concerned RRCO immediately. Examples of relevant changes would include: