Website Last updated:

July 30, 2026

This guide establishes the framework for calculating Taxable Income, beginning with Accounting Income as per Article 20 of the Corporate Tax Law. It clarifies the crucial adjustments required, distinguishing between deductible business expenditures under Article 28 and non-deductible items like certain fines under Article 33. The guide details the process for applying exemptions, such as the Participation Exemption under Article 23, and outlines key reliefs including Tax Loss transfers under Article 38. It also explains the application of the General Interest Deduction Limitation Rule (Article 30) and Foreign Tax Credits (Article 47).

Determination of Taxable Income

Corporate Tax Guide | CTGDTI1

July 2024

1. Glossary

2. Introduction

2.1. Overview
2.2. Purpose of this guide
2.3. Who should read this guide?
2.4. How to use this guide
2.5. Legislative references
2.6. Status of this guide

3. Determination of Taxable Income and calculation of Corporate Tax Payable – An Overview

Contents