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What is the Business Enterprise Tax (BET)?

April 26, 2017Business Enterprise tax

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What is the Business Enterprise Tax (BET)?

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A 0.75% tax, for taxable periods ending on or after July 1, 2001, is assessed on the enterprise value tax base, which is the sum of all compensation paid or accrued, interest paid or accrued, and dividends paid by the business enterprise, after special adjustments and apportionment.