Net corporate income tax rates
The following chart shows the net corporate income tax rates for the 2007 and later tax years.
| Rate | Applicable tax period |
|---|---|
| 21.0% | Before January 1, 2008 |
| 19.5% | Effective January 1, 2008 |
| 19.0% | Effective January 1, 2009 |
| 18.0% | Effective January 1, 2010 |
| 16.5% | Effective January 1, 2011 |
| 15.0% | After December 31, 2011 |
Note
If based on the trust's tax year, more than one rate applies, complete Chart 7 to determine the trust's net corporate income tax rate.