Understanding Tax Obligations for Newly Created Companies in 2024
For a newly created company in 2024, it is essential to understand tax obligations from the first year of operation. One of the frequent questions concerns the provisional installment, an advance payment that companies must make to settle their corporate tax. However, for companies created in 2024, the situation is different.
According to an expert in the field, newly created companies are not required to pay a provisional installment for their first year of operation. The reason is simple: the provisional installment is calculated based on the tax owed the previous year. Since a new company does not have a tax base for the previous year, no installment is required for this first period.
It is essential to note that this only applies to the first year of activity. From the following year, provisional installments will be required, and their calculation will be based on the tax paid during this first year of operation.
In summary, for a company created in 2024, the absence of a tax base for the previous year exempts the company from paying provisional installments for this first year. It is only from the second year of activity that the company will be subject to this obligation.
