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Corporation tax and expenses

  • 04-06-2016 10:05pm
    #1
    Registered Users, Registered Users 2 Posts: 173 ✭✭


    Hi does anyone know anything about tax?

    If I have a company and say make €10,000 profit but have €10,000 expenses, do I pay corporation tax on the profit even though I had these reciepted expenses?

    Or is the profit not seen as corporation tax deductible?

    Thanks


Comments

  • Registered Users, Registered Users 2 Posts: 4,686 ✭✭✭barneystinson


    Hi does anyone know anything about tax?

    If I have a company and say make €10,000 profit but have €10,000 expenses, do I pay corporation tax on the profit even though I had these reciepted expenses?

    Or is the profit not seen as corporation tax deductible?

    Thanks

    Wow. Where to start...

    Profit is sales minus expenses.

    Profit is not corporation tax deductible, how could it be, a deduction is something you take off in working out how much profit is to be taxed.


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