Search results
Results From The WOW.Com Content Network
Corporation Income Tax. The Corporation Income Tax Section provides technical assistance to corporate customers, CPAs and other tax preparers; processes, examines, and audits C -corporation and Sub-S income tax returns and refund claims while ensuring compliance with Arkansas’ income tax code, regulations, and policy statements; monitors and ...
To file for corporation income tax in Arkansas, you can file electronically through the Arkansas Taxpayer Access Point (ATAP) portal, where you’ll need to submit the required forms, including your financial details and federal tax information, by the designated deadlines.
Forms. Some internet browsers have a built in PDF viewer that may not be compatible with our forms. Adobe Reader may be required for your browser or you may need to download the form to complete it properly.
Arkansas corporate income tax is a graduated rate applied to the Arkansas Net Taxable Income (NTI) for tax year beginning January 1, 2024, as follows: Taxable Income Tax Rate
The Arkansas corporation income tax rate is a graduated rate applied to the Arkansas Net Taxable Income (NTI) as follows: First $3,000 of NTI 1.0% Next $3,000 of NTI 2.0%
Arkansas imposes a corporate income tax at graduated rates for the 2022 tax year of: 1% on net income from $0-$3,000; 2% on net income from $3,001-$6,000; 3% on net income from $6,001-$11,000; 5% on net income from $11,001-$25,000; and. 5.9% on net income of $25,001 or more. ( Sec. 26-51-205 (a) (3), A.C.A.)
Arkansas' corporate income tax is a business tax levied on the gross taxable income of most businesses and corporations registered or doing business in Arkansas. The Arkansas corporate income tax is the business equivalent of the Arkansas personal income tax, and is based on a bracketed tax system. Similar to the personal income tax, businesses ...
The Office of Income Tax Administration is responsible for overseeing the activities of the Individual Income Tax Section, Corporation Income Tax Section and Tax Processing and Technology Section.
Act 532 of 2023 amends Arkansas Code Annotated 26-51-205 to reduce the maximum corporation income tax rate to 5.1% for all taxable income exceeding $25,000 for tax years beginning on or after January 1, 2023.
Prior to the passage of S.B. 8, legislation enacted in April 2023 retroactively reduced Arkansas’s top marginal corporate income tax rate from 5.3 to 5.1 percent for 2023. Preceding those reforms, Arkansas’s top marginal rate was 5.9 percent in 2022, 6.2 percent in 2021, and 6.5 percent in many years prior.